SEC Philippines Opens Applications for Crypto Innovation Sandbox
The Securities and Exchange Commission (SEC) of the Philippines has announced the opening of applications for its SEC Strategic Sandbox (StratBox), focussing on Crypto-Asset Service Providers (CASPs).
The aim of this initiative is to foster responsible innovation in the financial services sector, especially in the emerging field of Crypto-Asset Services. This is detailed in SEC Memorandum Circular No. 09-2024.
The StratBox program provides a controlled environment. Within this environment, CASPs can test and pilot their products, services, and business models. By doing so, the SEC Philippines through its sandbox seeks to gather critical insights and data on…
