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Philippines Implements Comprehensive Cryptocurrency Regulations, Requiring Licenses and Capital Standards

Published by decrypt.co on yesterday

Philippines Implements Comprehensive Cryptocurrency Regulations, Requiring Licenses and Capital Standards

The recently established framework by the Securities and Exchange Commission (SEC) sets forth essential requirements for cryptocurrency companies operating within the Philippines.

This comprehensive framework mandates minimum capital thresholds, necessitates local incorporation, and enforces stringent data management regulations for these firms.

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