Online

AI Crypto

Enhance

Green

<div class="insidebitcoins">
 The Securities and Exchange Commission (SEC) of the Philippines is set to roll out a new set of regulations for cryptocurrency operations by the latter half of 2024. This initiative, as explained by SEC chair Emilio B. Aquino, is intended to oversee cryptocurrency trading within the country and ensure the protection of investors.
 <h2 class="p1" id="regulatory-framework-for-cryptocurrencies-to-enhance-investor-protection">Regulatory Framework for Cryptocurrencies to Enhance Investor Protection</h2>
 Emilio B. Aquino highlighted the necessity of these regulations during a discussion about the SEC’s recent actions against unauthorized cryptocurrency service providers. He emphasized that the new guidelines would help the commission to more effectively regulate and monitor cryptocurrency transactions.
 In recent developments, the SEC has taken significant actions against Binance, a leading cryptocurrency exchange, for operating without the proper licenses. This includes requesting major tech companies Apple and Google to remove Binance’s apps from their digital stores. Aquino commented on the urgency of the situation, stating,
 <blockquote>
 “I hope it’s fast. We already experienced this with lending apps before. The response is quick. It’s up to them (Google and Apple).”
 </blockquote>
 Additionally, Aquino mentioned that traders often utilize virtual private networks (VPNs) to circumvent these bans and access services like Binance. He pointed out that while this is a common practice, it does not implicate the SEC in any failures to enforce regulations.
 The SEC chair also reiterated that all cryptocurrency trading platforms operating in the Philippines must secure the appropriate licenses as mandated by the nation’s Securities Regulation Code (Republic Act No. 8799). Aquino stressed that these measures are not intended to target any specific platforms unfairly but to ensure they fulfill their legal obligations.
 Reflecting on global incidents like the collapse of FTX, which resulted in substantial financial losses for many investors, Aquino underscored the importance of having a robust regulatory framework. Such regulations are crucial for the Philippines, which, unlike the U.S., faces challenges in pursuing entities outside its jurisdiction.
 The overarching goal of these upcoming regulations, according to Aquino, is to safeguard investors and maintain the integrity of the financial market in the face of growing digital currency use.
 <h2 class="p1" id="dogeverse-revolutionizing-crypto-with-a-multi-chain-meme-coin">Dogeverse: Revolutionizing Crypto with a Multi-Chain Meme Coin</h2>
 Dogeverse stands out in the digital asset realm by integrating operations across six blockchain platforms, including Ethereum, BNB Chain, Polygon, Base, Solana, and Avalanche. This strategic interoperability not only expands user accessibility across different blockchain preferences but also enhances Dogeverse’s appeal beyond a typical meme coin, potentially paving the way for its evolution in the crypto market.
 The coin is personified by Cosmo, a shiba inu, which adds a charming dimension to its branding. Dogeverse’s design encourages connectivity among various blockchain networks, promoting a unified ecosystem amidst a typically fragmented blockchain landscape.
 One of Dogeverse’s key <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> is its multi-chain functionality, which broadens its market by appealing to users with preferences for specific blockchain attributes like Ethereum’s robustness or Solana’s cost efficiency. Additionally, Dogeverse aims to bridge community divides through technologies such as Wormhole and PortalBridge, which could foster a stronger, more integrated community.
 The lore of Cosmo enriches the token’s narrative, allowing each blockchain community to craft unique legends around it, potentially elevating Cosmo to a mythical status that could rival that of Dogecoin.
 Dogeverse has set its total supply at 200 billion tokens, with 30 billion dedicated to a structured presale spanning ten stages. The presale’s pricing begins at $0.0000290, escalating to $0.000299 in the final stage. Financially, the project targets a soft cap of $8.83 million and a hard cap of $17.002 million.
 The token has quickly captivated the market, raising over $300,000 on the first day of its presale. For those interested, more details and participation options are available at thedogeverse.com.
 <span style="color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;-moz-border-radius:9px;-webkit-border-radius:9px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none"> Visit Dogeverse
 <img decoding="async" class="aligncenter wp-image-517170 size-large" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20640%20360'%3E%3C/svg%3E" alt="" width="640" height="360" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 1024w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 300w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 768w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 1536w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 1600w" data-lazy-sizes="(max-width: 640px) 100vw, 640px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp">
 <noscript><img decoding="async" class="aligncenter wp-image-517170 size-large" src="https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp" alt="" width="640" height="360" srcset="https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 1024w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 300w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 768w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 1536w, https://cdn.thebittimes.com/images/2024/05/06/4886c9ac02fdf07f853136a2dbd8fa7b.webp 1600w" sizes="(max-width: 640px) 100vw, 640px">
 </noscript>
 Related News
 <ul class="ul1">
 <li class="li2">Empowering Filipinos: Tether and Coins.ph Launch Blockchain Education Initiative</li>
 <li class="li2">Crypto Exchange Market Boosted By Central Bank In Philippines</li>
 <li class="li2">Filipino Crypto YouTuber ALROCK Reviews New Eco-Friendly Token – 100x Green AI Crypto Gem of 2024?</li>
 <li class="li2">Thailand Enhances Online Security by Regulating Crypto Platforms</li>
 </ul>
 
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/philippine-sec-to-enforce-crypto-regulations-in-late-2024-tbt87599.html">https://thebittimes.com/philippine-sec-to-enforce-crypto-regulations-in-late-2024-tbt87599.html</a>
</div>

Philippine SEC to Enforce Crypto Regulations in Late 2024

目录

TheBitTimes

发布于 2024年5月6日的其他文章

Buffett Urged to Invest in Tesla (TSLA): Musk’s Latest Financial Strategy Shakes Up Cryptocurrenc...

BitFinex Under Threat? Hackers Allege Access to 400K Users’ Accounts

Cardano Founder Charles Hoskinson Proposes Transforming Bitcoin Cash Into A “Cardano Partnerchain”

New Cryptocurrency Releases, Listings, & Presales Today – RabbitPad, Love Power Coin, STYLE Proto...

Crypto Legislation Timeline with Ron Hammond | Blockchain Association

Litecoin’s 18% plunge attracts whales – Better things coming?

订阅我们免费的电子期刊，获取每日最新加密领域动态！