The Philippines Securities and Exchange Commission (SEC) is preparing to release guidelines for transactions involving digital assets, such as cryptocurrencies, in the second half of the year. The move is in response to the growing popularity and use of cryptocurrencies in the Philippines, despite the volatile nature of the industry. This comes as a bid to protect investors and aid in the risk management while also enabling innovation and growth in the industry. The exact framework and details are yet to be unveiled, but the planned guidelines are expected to involve regulation and oversight on crypto-exchanges, initial coin offerings (ICOs) and trading platforms.
Philippines Securities Regulator Set to Unveil Cryptocurrency Guidelines in Second Half
