Philippine Securities Regulating Agency launches fintech innovation office
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Last July 30, 2021, the Securities and Exchange Commission of the Philippines, formally launched its PhiliFintech Innovation Office (PIO) whose focus will be on the regulation of the use of fintech, or financial technology, in the country. Among the PIO’s objectives is to regulate the nascent fintech industry in the Philippines through the registration of new players while also establishing first contact with existing fintech companies.
The SEC is also preparing rules governing digital asset offerings and digital asset exchanges geared to protect the investing public.
The full press release can be read here.