Regulatory Alerts2025-05-30
SEC Rules on Crypto-Asset Service Providers (SEC CASP Rules)
The Securities and Exchange Commission of the Philippines promulgated the SEC CASP Rules to establish a regulatory framework for crypto-asset service providers, classifying crypto-assets as financial products under its supervision. The rules mandate licensing for CASPs, require comprehensive disclosure documents for public offerings, and strictly regulate marketing activities to ensure consumer protection and market integrity. Additionally, the regulations enforce Anti-Money Laundering compliance and grant the Commission visitorial and enforcement powers to oversee and sanction non-compliant entities.
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