Quote from: Unblock_news on February 07, 2019, 04:07:43 AM

The Philippines Securities And Commission had recently unveiled the new regulatory framework for digital asset token offerings.

According to the press release, all DATOs are now required to have complete proper documents that contain the details of the project, issuer, advice, and certification of experts behind the project. On top of that, Offshore Virtual Currency Exchange (OVCE) license for the tokens you plan to release.

Looks like a great news for the Philippines crypto community and also for the overall community of crypto around the world.

Quote from: Unblock_news on February 07, 2019, 04:07:43 AM

The new regulations are divided into three tiers. The first tier is designated for assets and investments that do not exceed $5 million in digital tokens. The second one is for $6 to $10 million worth of digital assets, whereas the third tier focuses on assets and investments that amount to over $10 million.

$6 million to $10 million is a effective figure for any aspiring crypto project to develop in the initial stage and forum and exciting product out of it. Government approval will make more individuals to drop into the business of crypto or apply it to the running business.

This can make overall increase in the flow of digital assect around the country and can later lead to a interesting crypto revolution there. One of the similar example is the recently inacted crypto laws in Venezuela. Such events prove as connecting dots to the increase in the prices of cryptos and the overall market value.

Quote from: Unblock_news on February 07, 2019, 04:07:43 AM

Read more here: https://www.unblock.news/news/psec-released-new-regulatory-framework-for-datos

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