Foresight News reports that the Securities and Exchange Commission (SEC) of the Philippines has released a proposed SEC rule draft regarding cryptocurrency service providers, accepting public feedback until January 18, 2025. The draft includes regulations on the definition of cryptocurrency service providers, licensing requirements, operational standards, risk management, protection of client funds, and disclosure requirements, stating that cryptocurrency issuances must submit disclosure documents to the SEC at least 30 days before marketing activities or public sales.
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Philippines SEC Releases Draft New Regulations for Cryptocurrency Services, Feedback Deadline is January 18 Next Year
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