The Securities and Exchange Commission (SEC) of the Philippines officially implemented the most comprehensive cryptocurrency regulatory framework in the country on June 12th. The new regulations require all Crypto Asset Service Providers (CASPs) to register as legal entities locally, with a paid in capital of no less than 100 million pesos (approximately 1.8 million US dollars), establish physical office locations, and separate customer assets from company funds. Service providers are also required to submit regular reports, fulfill obligations such as KYC and transaction monitoring, and store customer data within the Philippines. （Decrypt） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43905