The Philippines Will Soon Introduce Cryptocurrency Regulation


On January 26, 2018, BTCManager reported on how Russia was softening its stance on the legal status of bitcoin and other cryptocurrencies after the country’s finance ministry drafted a law to regulate the domestic crypto market. It looks like now its the Philippines’ turn to follow suit by taking, by and large, a similar stand on the ever‐polarizing issue.

The Securities and Exchange Commission of Philippines (SEC) confirmed on January 29, 2018, that it is currently crafting a policy to regulate cryptocurrency transactions, adding that the move is necessary to safeguard investors and to curb fraudulent activities.

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