Crypto Regulation in the Philippines: Growth or Strangulation?

Growth and development in the crypto sector via regulation? Or is it strangulation?

Reading this article, it makes me sick to read words like "license," "disclosure," and "physical office." These are the basic requirements for any crypto project to be considered legal in its operation within the Philippine jurisdiction.

What would be the impact of this new SEC memorandum on decentralized platforms like Hive? Since the identified requirements are inapplicable to decentralized blockchain networks, will crypto transactions using these chains be considered criminal?

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