🚀 Exciting news from the Philippines! The SEC has unveiled a draft framework for regulating crypto activities, titled "SEC Rules on Crypto-Assets Service Providers (CASP Rules)." This initiative aims to ensure fair and transparent markets amidst the nation's crypto boom.

Key Points:

- CASP license required for crypto service providers.

- Firms must meet specific criteria, including local staff and capital requirements.

- Regular audits to combat money laundering and cybersecurity threats.

- Public offerings need a detailed disclosure document.

đŸ—Łïž Share your thoughts on these proposed regulations in the comments!