Gate News bot message, the Philippines Securities and Exchange Commission (SEC) launched a new encryption regulatory framework on June 12. According to this framework, cryptocurrency asset service providers (CASPs) must complete local entity registration, with a paid-in capital requirement of 100 million pesos (approximately 1.8 million USD), and must also establish a physical office location.
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Gate News bot message, the Philippines Securities and Exchange Commission (SEC) launched a new encryption regulatory framework on June 12. According to this framework, cryptocurrency asset service providers (CASPs) must complete local entity registration, with a paid-in capital requirement of 100 million pesos (approximately 1.8 million USD), and must also establish a physical office location.