#Philippines #SEC #CryptoRegulation

🚨 Philippines SEC Tightens Crypto Regulations! 🇵🇭

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As of June 12, 2025, the Philippines SEC has rolled out strict new rules for Crypto Asset Service Providers (CASPs) under Memorandum Circulars Nos. 4 & 5. Key points:

✅ Mandatory Licensing: All CASPs need a license & PHP 100M minimum capital.

✅ AML/KYC Compliance: Enhanced monitoring to ensure transparency & security.

✅ Consumer Protection: Strict KYC, security protocols, and a local office requirement.

⚠️ Penalties: Up to PHP 100M fines & 5 years imprisonment for non-compliance.

These rules aim to protect investors while fostering innovation in the crypto space. Stay compliant, stay informed! 💡