Philippine government warns the public to stop investing in these kinds of unregistered investment activity and to take the necessary precautions in dealing with these cloud mining companies. And the operators and agents of these cloud mining company has a criminal case and anyone who violates this law can face up to 21 years in prison.
Hopefully this rules can only affect those fraudulent people and those bitcoiners who are just participating in different campaigns just to earn money are not affected or not covered of this law.