At a conference this conference has come to the notice of the authority of the country's Securities and Exchange Commission Commissioner Emilio Aquino for considering Cryptocurrencies this week because the security is effectively bringing them under the regulatory code. After releasing the rules for the Cryptocurrency industry, Philippine officials are considering more steps to expand the use of digital currencies such as bitcoin in the country this year.
The Manila Times revealed: The popularity surrounding this great frenzy and the introduction of initial coins is increasing, so that the new rules have been covered for the safety of the consumers. This instruction is for us to consider these so-called virtual currency offerings, and its potential securities, in which we will implement the Securities Regulatory Code Aquino, and it was quoted as saying.
source - https://www.cryptocoinsnews.com/philippines-regulate-legalize-bitcoin-security/