Golden Finance reports that the Securities and Exchange Commission (SEC) of the Philippines has introduced comprehensive regulations for the management of crypto assets, covering disclosure, public offerings, trading, and marketing activities. These regulations aim to enhance investor protection and promote transparency in the thriving digital asset market. According to the new guidelines, crypto asset issuers must submit disclosure documents to the SEC at least 30 days before any marketing activities or public sales. This document must detail the provider of the crypto asset, the issuer, key characteristics, risks, and underlying technology, as well as explicitly state potential risks, including loss of value and limited transferability. Crypto assets classified as securities require an SEC-approved registration statement for public offerings. Entities issuing or trading crypto assets must comply with anti-money laundering (AML) laws and SEC reporting requirements. It is emphasized that non-compliance with regulations may result in fines, suspension, or revocation of licenses.

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