Philippine Police Warn Against Cryptocurrency Gaming Schemes, Highlight Axie Infinity's Play-to-Earn Model

08/17 07:56

The Philippine National Police Anti-Cybercrime Group has issued a warning to citizens about the risks of cryptocurrency gaming schemes. Specifically, they highlighted the play-to-earn model used by Axie Infinity, which requires users to purchase at least $300 worth of Axie characters before they can start earning.

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