The SEC_Philippines is consulting the public on draft rules targeting crypto under a broad consumer protections act. iamsandali reports.
"It is the policy of the State to ensure that appropriate mechanisms are in place to protect the interest of consumers of financial products and services under the conditions of transparency, fair and sound market conduct, and fair, reasonable, and effective handling of financial consumer disputes, which are aligned with global best practices," the draft says.
The country's Market Securities and Registration Department will be tasked with supervising entities offering securities or related services.
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