Last March 5, 2020, the first in the series of quarterly meet up was held and organised by Emfarsis with the Philippine Securities and Exchange Commission (SEC) Commissioner Kelvin Lee as the keynote speaker at the first “Crypto Compliance Conversations” meetup. This series of meetups aims to provide a deep dive into compliance issues for virtual asset service providers (VASPs) while also encouraging innovation.
You can read the full article here: Cryptocurrency Compliance to Ensure Bright Future in PH
Joining via Zoom from Singapore were Elliptic Chief Operating Officer Simone Maini and Elliptic Head of Growth Seimin Kuan. Emfarsis Director Leah Callon-Butler discussed one of the biggest concerns for regulators in ensuring compliance with the policies recommended by the Financial Action Task Force and preventing the use of cryptocurrency in criminal activities, such as money laundering.
Philippines is one of the few countries with working guidelines on cryptocurrencies. The Banko Sentral ng Pilipinas already established such guidelines for virtual currency exchanges through Circular No. 944 and is continuously helping in the development virtual money in the Philippines. Elliptic sees the Philippines as a very important market for virtual assets because two of its clients are leading the way in the cryptocurrency revolution in the Philippines, namely Coins.ph and PDAX.
You can read the full article here:
Cryptocurrency Compliance to Ensure Bright Future in PH
Published: Digital Life Asia by: Joey Alarilla (March 18, 2020)