Philippine SEC and US SEC team up to combat cryptocurrency fraud

Odaily Planet Daily reported that the Philippine Securities and Exchange Commission (SEC), the U.S. Securities and Exchange Commission and the Asian Development Bank held an International Organization of Securities Commissions (IOSCO) investigation and enforcement training seminar last month, aiming to improve its understanding of cryptocurrency-related crimes. Comprehensive fraud and fraud prevention toolkit skills. In addition to the seminar, the Philippine Securities and Exchange Commission also signed the International Organization of Securities Commission’s Multilateral Memorandum of Understanding on Cryptocurrency Crime. The regulator also wants local lawmakers to enact new laws that comply with standards set by IOSCO to strengthen its enforcement powers. (Cointelegraph)