The Philippine National Police has requested AMLC’s assistance to trace ₱200 million in crypto ransom payments linked to the kidnap-slay of steel magnate Anson Que, as two Chinese suspects remain at large.
The SEC’s new draft CASP rules add a registration exemption, remove marketing rules, and open the StratBox to crypto firms.
According to KoFIU, the ban stemmed from these foreign virtual asset operators conducting undeclared business for Koreans.
The proposed issuance, now titled “SEC Guidelines on the Operations of Crypto-Assets Service Providers,” removes or revises several high-level policy sections from the original “SEC Rules on Crypto-Assets Service Providers,” in favor of highly detailed technical and compliance guidelines.
The National Privacy Commission initially cautioned Filipinos against iris scanning for cryptocurrency, stating it does not authorize such data collection.
The Philippine SEC confirms that Worldcoin is not registered in the country, urging caution. Meanwhile, Worldcoin’s legal team argues that registration is unnecessary as it operates as a technology provider.
The U.S. government will not actively acquire new assets for this stockpile beyond what is seized.
The Philippines has officially exited the FATF grey list. Learn how the SEC plans to strengthen anti-money laundering (AML) compliance through Project HARBOR, expanded NPO outreach, and new crypto regulations.
SEC Chairman Emilio Aquino highlighted the Commission’s efforts to expose crypto scams and collaborate with media to protect consumers, aiding the Philippines’ exit from the FATF grey list.
Hong Kong’s ASPIRe roadmap emphasizes the increasing focus on clear regulations for virtual assets, as countries around the world refine their frameworks to attract crypto businesses.
