Philippine regulator wants more powers to control crypto market

The Philippines is on the list of Asia-Pacific nations leading the way in investing in bitcoin and other virtual currencies.
The Securities and Exchange Commission (SEC) of the Philippines wants to gain maximum authority over the digital currency market. The regulator expects to become the only agency that deals with the blockchain industry.
The SEC said in a statement that in addition to monitoring the cryptosphere, the regulator must ensure that investors are protected.

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