Philippine Securities and Exchange Commission Approves Draft Rules for Initial Coin Offerings and Cryptocurrencies

2018-8-3 23:50

News

The Philippine SEC (Security and Exchange Commission) approved draft rules for initial coin offerings (ICOs), ABS CBN News reported.
Also read: Philippine SEC to Develop Cryptocurrency Regulations
All Entities Embarking on ICOs to Register With the SEC First
In February, news.Bitcoin.com reported that the Philippine SEC was developing a regulatory framework to govern cryptocurrency transactions.
The SEC stated 12 points in the proposed rules released on August 2.
He also said the SEC requires all entities embarking on ICOs to register with the SEC first, the Philippine Star reported.
What do you think of the Philippine SEC draft rules on crypto?

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The Philippines is now one of a list of countries about to regulate initial coin offerings

The Philippine SEC has introduced the draft rules on how companies can fundraise via ICO whereas all token are defined as securities by default. The regulatory move comes as various countries worldwide are either developing legal frameworks to govern ICOs or are issuing guidelines on how to avoid falling foul of securities rules. Following the

2018-8-3 23:45