Philippine Regulators Eye New Rules for Bitcoin Exchanges and ICOs

Philippine Regulators Eye New Rules for Bitcoin Exchanges and ICOs

Philippine regulators are considering new rules for cryptocurrency exchanges and initial coin offerings (ICOs), according to officials. Speaking at a news conference on Tuesday, Securities and Exchange Commission (SEC) commissioner Emilio Aquino said that his agency could class ICO offerings as "possible securities" that would come under the Securities Regulation Code, a Manila Times report says. According to Aquino, the move is in line with regulations passed by the U.S. SEC, and other regulators in Malaysia, Hong Kong and Thailand. Recognizing the growing popularity of the blockchain funding use case, he said regulators were eyeing new rules to protect […]