Regardless of a wave of market failures in 2022, the Philippines’ monetary regulator has determined to not rush the regulatory framework for the cryptocurrency trade, which was initially scheduled to be revealed in 2022. on the finish Nonetheless, the event of the rules continues to be ongoing, and the outcomes could also be made public this 12 months.
Quoted In an area media outlet, Philippine Securities and Trade Fee (SEC) Chairman Emilio Aquino revealed that the earlier deadlines for the implementation of the cryptocurrency system within the nation have been moved. The regulatory authority meant in 2022. to current steerage to the trade, nevertheless it held again the initiative to research the causes of the collapse of the FTX change and guarantee investor safety.
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