The SEC said the rules would enhance the oversight and supervision powers of the commission over businesses that involve the offering, trading and other activities of these innovative financial products.
Further, it said the guidelines offer a certain degree of protection for investors who have the appetite to invest in highly volatile financial products.
The rules will apply to all service providers that are offering crypto-asset services in the Philippines.
"The continued growth and development of new crypto-asset markets, services and business models relies on clear, proportionate and robust regulatory frameworks, which can ensure that markets are fair, efficient and transparent. Financial consumers and investors rely on trustworthy intermediaries to transact with," the SEC said.
Diese Geschichte stammt aus der December 24, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der December 24, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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BRINGING CHRISTMAS TO GOD'S CHILDREN
For almost two decades, on a Sunday morning early in December, a fleet of buses and vans full of children have converged on a restaurant called Handlebar in Makati.
Is work stress driving your blood pressure up?
Hardworking, dependable, resilient, resourceful — just four of the many words used to describe what Filipinos are like on the job.
Why nutrition education is important
Unilever and the Department of Education (DepEd) have signed a landmark memorandum of agreement to launch a nutrition education initiative aimed at public school students, teachers, and parents across the country.
A Christmas full of hope
Many of us are probably excited about the many get-togethers we will be attending with family and friends, the delicious food that we will get to feast on, and the wonderful presents that we will give and receive.
Christmas brings back memories
I write this after the University of the Philippines' Fighting Maroons clinched the UAAP men's basketball championship, and after a UP Law graduate (Kyle Christian Tutor) topped the Bar exams.
'Also Filipino'
Chef and food writer Angelo Comsti has written five books. His first book was a recipe book on edible gifts made for Christmas. The rest of his books are all Filipino cookbooks.
HOW RURU MADRID MANIFESTED MMFF DEBUT
Ruru Madrid was grateful for being given the opportunity to star in his first Metro Manila Film Festival (MMFF) entry as prison guard Xavier Gonzaga in \"Green Bones.\"
Why 2024 became Taylor Swift's year
2024 will forever be remembered as the year when Taylor Swift soared up to where no music star has gone before.
The Dawn releases first-ever Christmas song in almost 40 years
The Christmas holidays are a time for families to get together and celebrate together. Happily, conflict-free, drama-free.
AFTER HEALTH SCARE, GARY V IS NOT RETIRING YET
\"I WASN'T SURE IF I could do this concert tonight after battling with severe hydration,\" said Gary Valenciano onstage Sunday night for the second performance schedule of \"Pure Energy: One Last Time\" at the Smart Araneta Coliseum.