Philippines securities regulator seeks more authority to police the crypto industry By Cointelegraph

The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules.

According to a Jan. 25 report in local media outlet, the Manila Bulletin, the securities regulator put forward for public comment draft rules relating to financial products and services which also cover cryptocurrencies and digital financial products.

The SEC Philippines headquarters building in Makati, inside the Metro Manila region. Image: SEC