According to Odaily Planet Daily, the Philippine Securities and Exchange Commission (SEC) has issued crypto asset management rules covering disclosure, public offering, trading and marketing activities, aiming to strengthen investor protection and market transparency.
Under the new guidelines, crypto asset issuance must submit a disclosure document to the SEC 30 days before marketing or public sales, detailing the provider, issuer, characteristics, risks and technology, and stating potential risks.
Crypto assets classified as securities require a registration statement approved by the SEC before they can be publicly issued. Related entities must comply with anti-money laundering laws and SEC reporting requirements, and violators may face fines or loss of license.