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The post Philippines SEC Unveils New Crypto Regulation appeared first on Coinpedia Fintech News On Thursday, the Philippines enacted stricter crypto rules under the new SEC Memorandum Circulars Nos 4 and 5, mandating a CASP license with a capital requirement and reporting of AML. Experts say this new framework in the Philippines lays the groundwork for broader crypto adoption in the country.  Key Components of the New SEC Crypto Regulation No License- No Business  All crypto asset service providers in the Philippines are now required to obtain a CASP license and adhere to strict disclosure requirements.  The disclosure includes information on asset ownership, risks, and operations; crypto companies are required to submit these documents at least 30 days before beginning marketing.  Investment requirement policy SEC is ensuring that only eligible firms enter the market, so it has set a minimum paid capital requirement of PHP 100 million. However, the SEC has also provided a mechanism for smaller companies to apply.  Physical office SEC has stated that crypto companies seeking to provide services are required to have a physical office in the Philippines and pay an initial PHP 50,000 filing fee. An additional annual supervision fee on revenue will be levied by the officials.  Consumer Protection The SEC and the Anti-Money Laundering (AML) council will monitor the CASP. They will ensure security, professionalism, KYC policy,  and fair access for investors.  .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read :   Brazil’s Strategic Bitcoin Reserve Bill passes first committee   , Penalty For Non-Compliance The bill was initially issued on May 30th and later took…

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Filed under: News - @ June 13, 2025 7:22 am