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Philippines Securities Commission to Publish Crypto Guidelines in Second Half of 2024

The Philippines securities agency is set to publish regulatory guidelines for crypto in the second half of 2024. The Philippines Securities and Exchange Commission (SEC) plans to unveil the crypto framework later this year, according to SEC Chairperson Emilio B. Aquino.

A report from local media publication Business World Online notes that the guidelines will regulate crypto trading activities in the Philippines. Specifically, the primary goal is to protect investor interest.

Philippines Continues Crypto Regulation Efforts

The move adds to the country’s efforts to regulate the cryptocurrency industry, which recently affected major crypto trading exchange Binance. On April 19, the SEC requested that Google and Apple remove the Binance applications from both their app stores.

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