How do you think this will affect electroneum in the philippines? Will it be banned in this country?
article from cointelegraph:
Filipino lawmakers to formalize the regulatory environment for Initial Coin Offerings ([CO) and their issuers.
last month, the Philippine SEC had opened its draft rules on the crypto sector to public feedback, the deadline for proposals being August 31. A final version of those rules should appear next week, shortly before the draft exchange proposals, according to The Manila Times.
The Philippine SEC also revealed it had been working in tandem with the [central bank], the Bangko Sentral ng Pilipinas (BSP), in order to establish what Amatong terms “cooperative oversight.”
“We already discussed the matter with the BSP since the BSP is also interested and we are also interested,” he continued, adding: