Regulatory Alerts2025-05-30
SEC Guidelines on the Operations of Crypto-Asset Service Providers (SEC CASP Guidelines)
The Securities and Exchange Commission issued guidelines requiring all crypto-asset service providers and marketing entities to register with strict capital, operational, and compliance standards. The rules mandate a minimum paid-up capital of 100 million pesos, robust cybersecurity and risk management frameworks, and the legal segregation of client assets from corporate funds. Additionally, the SEC established comprehensive requirements for market integrity, client suitability assessments, and anti-money laundering measures, while retaining authority to suspend or revoke licenses for non-compliance.
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