The Philippines Securities and Exchange Commision (SEC) says it is finalizing the rules for digital asset offerings (DAO) and digital asset exchanges (DAX) this year.
The Commission encourages the public to submit comments and position papers regarding the draft rules so that it can be improved to better serve the public and every party involved.
The Commission encourages the public to submit comments and position papers regarding the draft rules so that it can be improved to better serve the public and every party involved.
“With the high barriers currently proposed, big exchanges where majority of Filipinos trade will have to assess whether registering in the Philippines is worth the trouble, while small exchanges might close down before they can even begin.”
“How much is the initial capitalization requirement to set up a Digital Asset Exchange in the Philippines” and other questions answered in this brief summary of the SEC’s Draft Rules on Crypto Exchanges.
In an interview with Bitpinas, PDAX said the country is ripe for a digital asset exchange other than the equities exchange we currently have.
India mandates compliance for offshore crypto exchanges under PMLA, issuing show cause notices via FIU to nine platforms.
The firm plans further expansions to pioneer novel opportunities in digital asset ownership and management, emphasizing efficiency and reduced costs.
![[Interview] PDAX Bonds Info – Why The Local Exchange Offer Government Bonds](https://bitpinas.com/wp-content/uploads/2023/12/PDAX-Bonds-Why-768x402.jpg "[Interview] PDAX Bonds Info - Why The Local Exchange Offer Government Bonds 9")
Learn about government bonds, their government-backed guarantee, indicative rates, and PDAX’s motivation to issue them at a substantially reduced price.
The Digital Asset Security Service Provider Rules of the SEC will be different from the Virtual Asset Service Provider Rules of the BSP.
