Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action

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This is the summary CoinDesk publishes in its feed. The full article lives on their site.
The company is seeking both exchange and futures-broker registrations to serve retail and institutional customers. The proposed US offering still requires approval.
A recent change in the SEC’s rules on quorum could make it easier for the agency to amend its approach to crypto regulation in the absence of a market structure bill.