Crypto News Philippines
“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.
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The Securities and Exchange Commission said that the guidelines for initial coin offerings (ICO) and virtual currency exchanges (VCEs) have entered their final review.
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SEC renews its advisory against Paysbook and warns anyone connected with the scam of possible charges, penalty, and imprisonment.
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The draft has provisions on the types of tokens, registration processes and assessment for ICOs, reporting requirements, and conditions for exemption.
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The Philippines’ Securities and Exchange Commission (SEC) will hold a series of meetings with cryptocurrency and blockchain stakeholders in the country.
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