The Philippines Securities and Exchange Commission (SEC) has intensified its regulatory oversight of the cryptocurrency sector, targeting unregistered exchanges. This move comes as new rules take effect, aimed at protecting investors and enhancing market integrity. The SEC is urging crypto operators to comply with registration mandates to avoid penalties. Several exchanges have been cited for failing to adhere to the regulations, which are part of the government's broader effort to create a secure environment for digital asset transactions. The crackdown reflects ongoing global trends where regulators are increasingly focused on managing the risks associated with cryptocurrency trading. By enforcing these regulations, the SEC aims to foster a safer investment landscape and prevent fraudulent activities that could undermine public confidence in digital currencies.

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