The Philippine National Police Warns Against the Risks of Crypto Gaming Schemes The anti-cybercrime group of the Philippine National Police released a warning note to citizens on possible risks involved in cryptocurrency gaming schemes such as the play-to-earn model used by Axie Infinity. The cautionary report said that the decentralized nature of crypto gaming leaves higher risks than investing directly in cryptocurrencies like Bitcoin (BTC) and Ether (ETH). This is because “operators do not usually have to comply with certain standards, such as anti-money laundering, which can increase the risk of fraud,” the notice read. “There is also the risk of losing your tokens and NFTs. This can happen when you try to send them to a wallet that does not support the NFT type or if you fall victim to a scam.” Furthermore, the Filipino ACG warned that crypto game tokens are susceptible to price changes, just like cryptos, and some even restrict the withdrawal of tokens.