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

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