[2025-06-12] The latest IT, economic, blockchain and coin news
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2025-06-12 | Curator: CryptoTerminal
Philippines Enacts Sweeping Crypto Rules, Mandates Licensing and Capital Requirements
Crypto-asset service providers in the Philippines must now obtain licenses and adhere to strict disclosure requirements under what is considered the country's most comprehensive digital asset framework to date. CASPs operating within the country are mandated to register as local corporations with a minimum paid-up capital of ₱100 million (US$1.8 million). The new guidelines, initially issued on May 30 under the Philippines SEC Memorandum Circular No. 5, took effect on Thursday. Companies are als...