"Philippines SEC Unveils New Crypto Regulatory Framework Draft"
Philippines SEC proposes new crypto regulations for BTC and ETH Philippines SEC Proposes New Crypto Regulations: What It Means for Investors and the Market Market Overview The Philippines' regulatory landscape for cryptocurrencies is on the brink of transformation as the Securities and Exchange Commission (SEC) unveils a draft framework aimed at governing virtual assets. This initiative comes in response to the rapid growth and evolving complexities of the crypto market, which has garnered significant attention from both local and international investors. Current Market Trends The adoption of cryptocurrencies in the Philippines has seen a substantial uptick, with a considerable portion of the population engaging in digital asset trading. As of 2023, around 4 million Filipinos are estimated to own cryptocurrencies, reflecting a growing trend. This surge raises...