Philippines SEC Collaborates With International Organizations | CRYPTOLOGY

Philippines SEC Collaborates With International Organizations to Strengthen Crypto Enforcement Efforts

The Philippines Securities and Exchange Commission (SEC) seeks to establish a joint regulatory framework around digital assets and to crack down on bad actors who engage in illicit crypto transactions.

The body has partnered with the United States SEC and the Asian Development Bank (ADB) to host an International Organization of Securities Commission (IOSCO) Workshop and an Investigation Enforcement Training Workshop.

According to the participants, the training is billed to sharpen the skills of the organization in furtherance of its mandate to protect the public from all firms of financial fraud including those that leverage digital assets.

In a press release, the Philippines SEC cited market manipulations, off-market fraud, insider trading, and crypto scams adding that it facilitated the IOSCO Multilateral Memorandum of Understanding (MMOU) on Aug 18.