Recto: Pénzügyi Osztály, SEC koordinálja a kriptográfiai irányelvek tervezetét | BitPinas

• DOF Secretary Ralph Recto revealed a collaboration with the SEC to formulate thorough guidelines for overseeing cryptocurrency registration and trading.
• Recto emphasized the importance of caution, particularly noting the prevalence of cryptocurrency scams and the need for scrutiny regarding their viability.
• The coordination between the DOF and SEC aims to establish a regulatory framework that considers the development of the capital market.

To regulate the registration and trading of cryptocurrencies in the country, Department of Finance (DOF) Secretary Ralph Recto disclosed that the department is coordinating with the Securities and Exchange Commission (SEC) to establish comprehensive guidelines.

DOF x SEC Crypto Guidelines

At the induction of officers at the Economic Journalists Association of the Philippines, Recto említett that discussions with the Commission included considerations for cryptocurrency guidelines in the context of capital market development.

"Ezekkel óvatosnak kell lennünk, mivel sok kriptovaluta csalás, és valószínűleg nem mindegyik életképes."

Ralph Recto, a Pénzügyminisztérium titkára

Kijelölt in January, Recto stated that tax collection is his term’s top priority, aiming to collect P4.3 trillion this year. Despite economic challenges, he ruled out new taxes due to their inflationary impact. 

SEC on Drafting a Crypto Guideline

In December, the SEC disclosed its tervek to introduce the Digital Asset Security Service Provider Rules. These regulations aim to create a comprehensive legal framework for digital assets, particularly focusing on those considered securities. The Commission notes that it will focus on broader cryptocurrency usage and ecosystem regulation to prevent issues like the FTX incidens.

However, it can be remembered that the SEC previously mentioned that the rules were expected to be released by the end of 2023 or the first quarter of 2024. Despite this, as the second quarter of 2024 enters, there has yet to be an update regarding these rules.

Apart from these, the SEC regulates digital assets through advice on initial coin offerings (ICOs) and cryptocurrency investments, requiring registration and compliance with securities regulations.

Recent SEC Action on Crypto Entities

Almost a month after the supposed three-month deadline after its advisory in November 2023, the Commission En Banc sanctioned the submission of a formal request to the National Telecommunications Commission (NTC) for aid in blokkolja a Binance webhelyét és a kapcsolódó weboldalakat. The crypto exchange was noted for offering an investment and trading platform without the necessary license from the Commission.

In February, similar measures were made against other unlicensed platforms like OctaFX és MiTrade.

The regulatory outlook for cryptocurrencies in the Philippines involves oversight from both the BSP and the Securities and Exchange Commission (SEC). While there isn’t a specific law dedicated to cryptocurrencies, Circular No. 944 issued by the BSP in 2017 recognized virtual currencies as valid payment methods, requiring exchanges to register and adhere to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. 

Olvasás: Mi a hét figyelemre méltó, kriptográfiai szabályozás a PH területén, és ezek hatása a közösségre?

Further regulations were introduced in 2021 with the Guidelines for Virtual Asset Service Providers (VASP), mandating licensing and emphasizing Know Your Customer (KYC) and AML/CTF measures. However, the central bank has halted new VASP licenses until szeptember 2025. 

In February, the Monetary Board, the policymaking authority of the Bangko Sentral ng Pilipinas (BSP), törölve the VASP registration of ATOMTRANS TECH CORP.

The BSP also follows the Financial Action Task Force (FATF)’s Utazási szabály, the central bank recently kiadott a memorandum providing clarity on its requirements for local VASPs. The memorandum addresses aspects related to peer-to-peer transactions and outlines regulatory expectations for transactions involving unhosted wallets. 

Olvasás: A kriptovaluták globális szabályozási kilátásai 2024

Ez a cikk a BitPinas webhelyen jelent meg: Recto: DOF Collaborates with SEC to Draft Crypto Guidelines

Jogi nyilatkozat:

• Mielőtt bármilyen kriptovalutába fektetne, elengedhetetlen, hogy saját pénzügyi átvilágítása előtt végezze el a kellő gondosságot, és kérjen megfelelő szakmai tanácsot az adott pozíciójáról.
• A BitPinas tartalmat biztosít csak tájékoztatási célokat szolgál, és nem minősül befektetési tanácsadásnak. A tetteid kizárólag a saját felelősséged. Ez a webhely nem vállal felelősséget az Ön esetleges veszteségeiért, és nem tart igényt az Ön nyereségének tulajdonítására.

• SEO által támogatott tartalom és PR terjesztés. Erősödjön még ma.
• PlatoData.Network Vertical Generative Ai. Erősítse meg magát. Hozzáférés itt.
• PlatoAiStream. Web3 Intelligence. Felerősített tudás. Hozzáférés itt.
• PlatoESG. Carbon, CleanTech, Energia, Környezet, Nap, Hulladékgazdálkodás. Hozzáférés itt.
• PlatoHealth. Biotechnológiai és klinikai vizsgálatok intelligencia. Hozzáférés itt.
• Forrás: https://bitpinas.com/regulation/dept-finance-sec-crypto-guidelines/