Philippines Initial Coin Offering Draft Rules Updated by SEC
The 37-page draft rules have updates ranging from the definition “blockchain”, clarification on escrow agents, and what constitutes a startup.
Philippines SEC Releases Draft Rules on Initial Coin Offerings
The draft has provisions on the types of tokens, registration processes and assessment for ICOs, reporting requirements, and conditions for exemption.
What is ICO? (Initial Coin Offering)
Similar to Initial Public Offerings, an Initial Coin Offering is when a company issue coins as a way to raise funds for projects. Learn more about it here.