New crypto currency regulations in Philippines

As stated in the release, Digital Asset Token Offerings (DATOs), as they are being labeled in the framework, must have proper offering documents that include details on the issuer and project. There must also be accompanying advice and certification from experts, and the DATOs must be listed on the licensed Offshore Virtual Currency Exchange.The Philippines has become the latest nation to issue a cryptocurrency regulatory framework through the Cagayan Economic Zone Authority (CEZA), with the Asia Blockchain and Crypto Association (ABACA) becoming the self-regulatory organization to enforce the new regulations.

The principal aim for this framework is investor protection, as well as general cryptocurrency regulation with the rules affecting issues such as the acquisition of crypto assets, including utility and security tokens.