Philippines prepares in regulating crypto exchange as trading platform

[xtinepink]

Surprisingly even Philippines on the Securities and Exchange Commission is now making a move in regulation of cryptocurrency exchanges trading platforms as they also wanted to protect investors who are into cryptos. 

SEC commissioner Ephyro Luis B.Amatong said that:

 “We will put out a draft rule for the virtual currency exchanges, hopefully within the first half of September.”

 

 

Maybe in the next report I can see some taxes come along with regards to joining crypto investments, hmmm.

What are your thoughts? 

 

Source: 

https://www.ccn.com/philippines-prepares-to-regulate-cryptocurrency-exchanges-as-trading-platforms/