SEC Proposes Regulations for Crypto Sector in Philippines, Enhancing Security and Consumer Protection.

• The Philippines Securities and Exchange Commission (SEC) has proposed drafting regulations concerning virtual currencies and digital financial products.
• The regulations would expand the authority of the SEC to include tokenized securities products, other financial instruments based on blockchain or distributed ledger technology, and digital financial products and services.
• The SEC would also have the authority to prevent service providers from levying excessive charges, and to disqualify and suspend directors, executives, or employees found to be in breach of the law.

The Philippines Securities and Exchange Commission (SEC) has recently proposed the drafting of regulations concerning virtual currencies and digital financial products in order to increase its control over the country’s crypto space. The proposed regulations, if passed, would expand the authority of the SEC to include tokenized securities products, other financial instruments based on blockchain or distributed ledger technology, and digital financial products and services.

SEC Chairman Jay Clayton stated that the agency’s “rule-making, surveillance, inspection, market monitoring, and more enforcement powers” would be enhanced by the legislation. The regulator would also be given the authority to prevent service providers from levying excessive interest, fees, or other charges. Further, if a director, executive, or employee is found to be in breach of the law, the SEC would be given the power to disqualify and suspend them from their positions.

The proposed regulations would also include new rules concerning the registration of digital asset exchanges, as well as the registration and licensing of digital asset traders, custodians, and brokers. Additionally, the new regulations will also require exchanges to report suspicious activities to the SEC. These rules are aimed at providing better protection to consumers, as well as preventing money laundering, terrorist financing, and other criminal activities.

The proposed regulations would also give the SEC the authority to set its own regulations for financial products and services, including cryptocurrency. This means that the regulator would be able to impose its own rules when it comes to the registration of digital asset exchanges, as well as the registration and licensing of digital asset traders, custodians, and brokers.

The proposed regulations would also require service providers to comply with the Anti-Money Laundering Act, the Financial Transaction Reports and Analysis Center Act, and other relevant laws and regulations. In addition, the SEC would also have the authority to issue fines and sanctions for any violations of the proposed regulations.

Overall, the proposed regulations will give the SEC more control over the crypto sector in the Philippines, and will help ensure that the sector is safe and secure. It will also help protect consumers, as well as prevent money laundering, terrorist financing, and other criminal activities.

Secure Your Data with StorX Network: Now Listed on Coinstore.com!

• StorX Network ($SRX) is now listed on Coinstore.com, a global cryptocurrency exchange with over 2,300,000 users.
• Coinstore.com will offer the SRX community a simple buy/sell crypto feature, advanced cryptocurrency spots, and futures trading dashboards.
• Users of Coinstore will have access to the StorX Network’s low-cost and high-efficient decentralized cloud storage network to safely store their data.

The StorX Network ($SRX) is officially listed on Coinstore.com, a global cryptocurrency exchange with over 2,300,000 users. With this listing, the SRX community now has access to a vast array of services that provide users with a simple buy/sell crypto feature, advanced cryptocurrency spots, and futures trading dashboards.

Coinstore.com is a revolutionary platform that seeks to disrupt the crypto industry by bringing ‘fun’ into finance. With its focus on target markets in South East Asia (Vietnam, Philippines, Indonesia, Thailand, Malaysia), India, Japan, Korea, and Nigeria, Coinstore provides users with a fast, relatable and secure way to access cryptocurrency.

The listing of SRX on Coinstore.com will provide users with access to the StorX Network’s low-cost and high-efficient decentralized cloud storage network. This network allows users to store their data securely, without having to worry about data breaches or malicious attacks. This network is a great way for users to protect their information and ensure that their data is secure.

The SRX/USDT pair will be available for trade on the exchange, and users can download the Coinstore App to trade anytime, anywhere. Deposits for SRX will be available from 2023/01/20 00:00(UTC+8), and trading will commence from 2023/01/20 13:00(UTC+8). Withdrawals will be available from 2023/01/21 00:00(UTC+8).

The listing of SRX on Coinstore.com is a great step forward for the StorX Network community, as it will give users access to a reliable and secure platform to store their data. The listing of SRX on Coinstore.com will also provide users with access to a wide range of services, allowing them to easily and securely buy, sell and trade cryptocurrency. This listing is sure to benefit the SRX community and provide them with a secure and reliable way to store their data.

Didi Gets Green Light To Relaunch After 18-Month Suspension in China

– Didi, a Chinese company offering multiple app-based services, was suspended for 18 months due to allegations of illegally collecting user data.
– Didi was approved to relaunch its app on Monday, 16th January 2023, after making corrections to address the national security concerns raised by regulators.
– Before the suspension, Didi served around 493 million annual active users and had 41 million daily transactions.

Didi, a Chinese company offering multiple app-based services such as food delivery, ride-hailing, and more, was finally given the green light to relaunch its app on Monday, 16th January 2023, after an 18-month suspension in the country. The company was ordered to delist from China’s App Stores in July 2021 due to allegations of illegally collecting user data.

In response to the “national security concerns” raised by the Chinese authorities, Didi said it has started making “corrections” to address the issue. The company was also involved in raising about $4 billion following its debut in one of the US’s largest initial public offerings (IPOs).

Before the suspension, Didi had around 493 million annual active users and was involved in about 41 million daily transactions. However, reports showed that Didi did not defend the safety of its cross-border data practices. As a result, the company faced a more than a year security suspension.

Existing users of the Didi app were able to use it as long as they had it on their phones. Upon the relaunch of the app, the Chinese authorities will continue to monitor the company to ensure that the corrections made meet their standards.

Didi is one of the largest ride-hailing companies in China and its relaunch will have a major impact on the country’s tech industry. The company’s services are widely used by the Chinese population and its return will be welcomed by many.

Revolutionizing the Crypto Sector: HedgeUp and Chainlink Lead the Way!

– HedgeUp and Chainlink are two unique cryptocurrency firms that have recently stepped foot into the crypto sector and hold immense potential to revolutionize the lives of investors.
– HedgeUp is a new firm in the crypto sector that offers substantial returns, lower risk, and greater diversification.
– Chainlink is an Ethereum-based, decentralized Blockchain Oracle that permits the passage of data from the outside world to on-chain smart contracts.

2023 is an exciting year for crypto capitalists worldwide. With the introduction of HedgeUp and Chainlink, investors have access to the first-ever alternative investment platform within the crypto market and a decentralized oracle that enables smart contracts to interact with the outside world.

HedgeUp is a firm that understands the needs of the everyday investor and responds accordingly. It offers substantial returns, lower risk, and greater diversification. The firm has gained the attention of crypto enthusiasts across the globe, and its unique approach promises to bring about a significant change in the lives of investors.

Chainlink is a groundbreaking Ethereum-based, decentralized Blockchain Oracle that allows the flow of data from the real-world to on-chain smart contracts. It eliminates the need for intermediaries, which saves a lot of time and effort. This decentralized oracle has partnered with giants such as SWIFT and Google Cloud and continues to expand its reach.

In 2023, HedgeUp and Chainlink are revolutionizing the world of cryptocurrency. They are providing investors with unprecedented returns, lower risk, and diversification. They are also eliminating the need for intermediaries, saving time and resources. Together, these two cryptocurrency firms are transforming the lives of investors and have the potential to change the crypto sector for the better.