The post Philippines Introduces Strict Rules for Crypto Token Listings appeared first on Coinpedia Fintech News
The Philippines has introduced a comprehensive framework for the Regulatory Requirements and Considerations for Listing Cryptocurrency Tokens, establishing a twin-regulator model to govern token activities, licensing, and investor protections. The framework sets clear rules for token classification, VASP licensing, and key compliance obligations.
Twin Regulatory Model for Crypto Tokens
The new framework adopts a dual regulatory approach, with both the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) playing crucial roles:
BSP (Bangko Sentral ng Pilipinas) Oversees Virtual Asset Service Providers (VASPs), ensuring that activities such as exchange, transfer, and custody comply with consumer protection and AML/CFT standards.
SEC (Securities and Exchange Commission) Regulates tokens classified as securities under the Securities Regu
We współpracy z: https://coinpedia.org/news/philippines-introduces-strict-rules-for-crypto-token-listings/
