The Philippine Securities and Exchange Commission (SEC) plans to introduce a regulatory framework for cryptocurrencies in the second half of 2024. SEC Chairman Emilio B. Aquino stated that these guidelines aim to regulate cryptocurrency trading in the country while protecting investor safety. Aquino explained that as part of the crackdown on Binance, the SEC has requested Apple and Google to remove the exchange's apps from their stores. Aquino emphasized that all crypto trading platforms must obtain the necessary licenses to provide services. 📉