The Philippines intends to maintain its cryptocurrency-friendly approach and has no plans to replicate the U.S. Securities and Exchange Commission_s (SEC) crackdown on cryptocurrencies when establishing its regulatory framework. Earlier this year, Philippine authorities had announced the postponement of the cryptocurrency regulatory framework announcement, opting to monitor developments following the FTX incident. Chainalysis ranks the Philippines as the 6th most cryptocurrency-friendly country in terms of global cryptocurrency adoption. 🌐💼
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**Just In!** 🇵🇭 Philippines Maintains Crypto-Friendly Approach
The Philippines intends to maintain its cryptocurrency-friendly approach and has no plans to replicate the U.S. Securities and Exchange Commission_s (SEC) crackdown on cryptocurrencies when establishing its regulatory framework. Earlier this year, Philippine authorities had announced the postponement of the cryptocurrency regulatory framework announcement, opting to monitor developments following the FTX incident. Chainalysis ranks the Philippines as the 6th most cryptocurrency-friendly country in terms of global cryptocurrency adoption. 🌐💼