Rules on trading of crypto-assets out

The Securities and Exchange Commission (SEC) has issued the rules to regulate the marketing, issuance and trading of crypto-assets, as well as the registration and operation of crypto-asset service providers (CASPs) in the country.

- By Richmond Mercurio

Through the rules, the SEC aims to balance the promotion of innovative securities and technology-based ventures, while ensuring market integrity and investor protection.

A CASP is defined as "a business entity that offers or engages in the provision of one or more crypto-asset services, including the operation of a digital platform that provides such services."

The SEC said that both the CASP rules and the CASP guidelines apply to all CASPs that are offering crypto-asset services as well as third-party service providers who engage in the marketing of crypto-assets and crypto-asset services.