A Chicago firm caught the federal authorities' attention after unsuspecting investors reported the company defrauded them of $1.5 million by offering BYX tokens, the majority of which they never received.
Abra is preparing to make a transition into a banking institution, vowing for transparency and security as it attempts to stay afloat in the changing financial landscape.
The warrant from the Supreme Prosecutors Office was issued for five others who worked at Terra, with South Korean authorities accusing them of violating the Capital Markets Act.
President Ferdinand "Bongbong" Marcos Jr. believes the Philippines must leverage digital innovations to stay competitive globally, mentioning blockchain as a key technology.
Dito CME believes that with a population of 110 million and a media age of 25, the Philippines has the numbers to dominate the blockchain sector in Asia.