Tag "Securities and Exchange Commission (SEC)"
Understanding Cryptocurrency Regulations in the Philippines
The Philippines has become a hotbed for cryptocurrency adoption due to its tech-savvy population and growing internet penetration. In recent years, cryptocurrencies have grown significantly, with more people using digital currencies for various purposes, including remittances, investments, and online transactions.
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Philippines, Japan Launch Credit Risk Model for SMEs’ Creditworthiness
The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (JICA) have teamed up to launch the Credit Risk Database (CRD) Scoring Model, aimed at improving the creditworthiness assessment of small and medium-sized enterprises (SMEs) in the Philippines.
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Philippines SEC to Accept Only Digital Payments After February 2023
The Securities and Exchange Commission (SEC) announced that it will be making a complete shift towards digital payments by 1 February 2023. The public will have to use the eSPAYSEC that was launched in March last year to make payment of
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Diokno Challenges the SEC to Ramp up Protection Efforts for Filipino Investors
Finance Secretary Benjamin Diokno calls for the continued efforts of the Securities and Exchange Commission (SEC) to ramp up investor protection in the Philippines. During a keynote at the SEC’s 86th Anniversary and Recognition Ceremony, Secretary Diokno acknowledged the role
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Philippines’ SEC Grants Licenses to Two Crowdfunding Firms
The Securities and Exchange Commission (SEC) has granted crowdfunding licenses to SeedIn Technology and Eastern Securities Development Corporation. This will allow both entities to act as crowdfunding intermediaries and operate crowdfunding portals, providing the country’s small, medium and emerging enterprises
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SEC Greenlights Investree Philippines for Permanent Crowdfunding License
The Securities and Exchange Commission (SEC) has granted Investree Philippines a permanent license to operate as a crowdfunding platform following a review of the company’s operations since the issuance of its provisional license in January 2021. Investree Philippines is a
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Philippines’ SEC Issues Guidelines to Stamp Out Predatory Lending Practices
The Securities and Exchange Commission (SEC) has issued draft guidelines for the registration and operation of online lending platforms (OLPs) to stamp out abusive and predatory practices. The proposed guidelines will apply to both existing and newly registered financing and
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Philippines’ SEC Creates New Fintech Innovation Office
The Securities and Exchange Commission (SEC) has launched the PhiliFintech Innovation Office (PIO) which will focus on the fintech regulations in the country. Launched under the Corporate Governance and Finance Department (CGFD) his move aims to further promote financial inclusion
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Philippines Securities Commission Unveils Online Payment Portal
The Philippines’ Securities and Exchange Commission (SEC) has launched its online payment system for companies to pay their registration fees. The newly developed SEC Payment Portal is a web-based system that allows for the payment of registrations, transaction fees, and penalties
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Plans for the Launch of Philippines Fintech Sandbox Are Underway
The two Philippines fintech groups, Fintech Alliance.PH and Fintech Philippines Association, announce plans to collaborate on the launch of the Philippines Fintech Industry Sandbox which is supported by the UK Prosperity Fund ASEAN Economic Reform Programme (ASEAN ERP). The initiative
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