follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Phil. securities regulator seeks more authority to police the crypto industry  (Read 2257 times)

Offline Cordillerabit

  • Moderator
  • Legendary
  • *
  • *
  • *
  • Activity: 2877
  • points:
    1163
  • Karma: 94
  • Proud to be here
  • Trade Count: (0)
  • Referrals: 33
  • Last Active: March 23, 2024, 02:12:14 AM
    • View Profile

  • Total Badges: 27
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary

The Philippines Securities and Exchange Commission (SEC) seeks to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules.

According to a Jan. 25 report in a local media outlet, the securities regulator put forward for public comment draft rules relating to financial products and services, which also cover cryptocurrencies and digital financial products.

The SEC said in a statement the draft rules will operationalize a newly signed law and give it “rule-making, surveillance, inspection, market monitoring, and more enforcement powers.”

The guidelines expand the definition of a security to include “tokenized securities products” or other financial products using blockchain or distributed ledger technology (DLT).

Other financial products, including digital financial products and services relating to those accessed and delivered through digital channels along with their providers, will also come under the SEC’s remit.


Source: https://cointelegraph.com/news/philippines-securities-regulator-seeks-more-authority-to-police-the-crypto-industry

Altcoins Talks - Cryptocurrency Forum


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod