Crypto Regulations on Horizon in Philippines, Draft Guidelines to Be Revealed This September

  • Alex Dovbnya
    📰 News

    The Philippine SEC is reportedly planning to introduce cryptocurrency regulations in the nearest future, following the example of the US and Switzerland


Crypto Regulations on Horizon in Philippines, Draft Guidelines to Be Revealed This September

The Philippine SEC is reportedly planning to introduce cryptocurrency regulations in the nearest future, following the example of the US and Switzerland. The exact date when a new legislative framework for crypto is going to be revealed is unknown, but one of SEC commissioners states that the draft will ‘hopefully’ be already revealed in the upcoming weeks. However, these guidelines won’t be finalized until the end of 2018.

On top of that, the watchdog will present ICO regulations as early as next week. This legislative effort is aimed to provide enterprises with an opportunity to safely raise capital through crowdfunding.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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