The Philippines Security and Exchange Commision (SEC) has postponed the issue of its ICO regulations, which "it was hoping to release before the end of 2018," Philstar.com states.
According to Philstar.com, SEC has revised anew the proposed ICO regulations, "taking into consideration the inputs of the different shareholders."
We remind that the Philippines SEC wants to force ICO to register with the SEC days before the pre-sale date.
"Therefore, these should be registered with the Commission and necessary disclosures need to be made for the protection of the investing public," the regulation draft said.
Earlier, the Philippines government-owned Cagayan Economic Zone Authority (CEZA) issued provisional licenses for operating crypto exchanges to nineteen firms. Eight more firms paid entrance fees and were under consideration.
CEZA manages the development of the Cagayan special economic zone in Cagayan Province, Northern Luzon, Philippines.
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