Cryptoblast, Inc.
SEC-EIPD Advisory • Securities and Exchange Commission Departments • Enforcement and Investor Protection Department (EIPD) • Sep 7, 2021
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September 7, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Securities and Exchange Commission ("Commission") has received information that individuals or group of persons are enticing the public to invest in CRYPTOBLAST, INC./CRYPTOBLAST PHILIPPINES, INC./CRYPTOBLAST . Information gathered disclosed that CRYPTOBLAST claims to be located in Buenos Aires, Argentina and is operated by a person claiming to be ALEXANDER LANSER or ALEX LANSER . CRYPTOBLAST entices prospective members to invest in their so-called "PLANS " ( i.e. , SAPPHIRE, EMERALD and DIAMOND) wherein depending on the plans, an investment of an amount ranging from $30 up to more than $2,000 dollars or P1,500 up to P1,000,000 would generate profit ranging from 20% up to 75% after 15, 30 or 75 days. Its scheme is to entice would be clients to register, subscribe and exchange their cash or fiat currency into Bitcoins (BTC) and by using their BTC wallet in Blockchain.com to use, deposit and transfer these BTCs ( i.e. , by using the wallet address generated from the CRYPTOBLAST website) to their CRYPTOBLAST account. After the validation of the deposit, these BTCs shall be converted into CRYPTOBLAST Coins (CB Coins). Please be advised that although the Coinmarketcap website shows a token name "CB" coin, it appears to be a native token for the COINBIG platform and not CRYPTOBLAST . Further, the website does not contain enough information about the token CB coin. The public is hereby warned that such investment schemes are considered as securities subject to the regulatory authority of this Commission. The offering and selling of securities to the public without a permit or license is a violation of Section 8.1. of the Securities Regulation Code. Per records, CRYPTOBLAST, INC./CRYPTOBLAST PHILIPPINES, INC./CRYPTOBLAST is not registered with the Commission. As an unregistered corporation, it is not allowed to solicit investments from the public and cannot therefore secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities Regulation Code. Similarly, CRYPTOBLAST, INC./CRYPTOBLAST PHILIPPINES, INC./CRYPTOBLAST is not a registered Virtual Asset Service Provider (VASP) with the Bangko Sentral ng Pilipinas and does not have a corresponding Certificate of Authority as a Money Service Business as required under Circular No. 1108, series of 2021 or the Guidelines for Virtual Asset Service Providers . Accordingly, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liable under Section 28 of the SRC penalized with a maximum fine of Five Million Pesos (P5,000,000.00) or imprisonment of Twenty-One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014) . In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take the necessary precautions in dealing with CRYPTOBLAST, INC./CRYPTOBLAST PHILIPPINES, INC./CRYPTOBLAST and its operator ALEXANDER LANSER or ALEX LANSER and its agents or representatives. In view thereof, the public is further advised NOT TO INVEST or TO STOP INVESTING in any investment scheme being offered by aforesaid entities/individuals. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone number 8818-6047 or send your report to the EIPD at [emailprotected] . Pasay City, September 7, 2021.
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