Philippines SEC issues ‘Cease and Desist Order’

Philippines SEC issues ‘Cease and Desist Order’

The Philippines Securities and Exchange Commission had issued a ‘cease and desist order’ against four companies namely Black Cell Technology Inc., Black Sands Capital Inc., Black Cell Technology Limited and Krops. They had operated in affiliation with the KropCoin token sale which was coined as the ‘first agriculture marketplace crypto equity ICO.’ The SEC had stated that they had traded the Kropcoins without obtaining the license.

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