The Philippine Securities and Exchange Commission (SEC) has introduced new regulations, called the Rules on Crypto-Assets Service Providers (CASP Rules), to enhance oversight in the country's crypto sector. The regulations aim to combat fraud and market manipulation, protect investors, and support innovation in the digital asset market. The proposed guidelines require crypto-asset sales to submit a detailed information document to the SEC before any marketing or public sale takes place. If a crypto-asset is classified as a security, it must obtain SEC approval before being offered publicly. Entities offering or trading crypto-assets must comply with anti-money laundering regulations and SEC reporting standards. Non-compliance can result in fines or imprisonment. Crypto-Asset Service Providers must implement strong cybersecurity measures, and the SEC has the authority to remove crypto assets from exchanges to protect investors. Activities like futures trading, margin trading, and derivatives involving crypto-assets will require explicit SEC approval.



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