The Philippine Securities and Exchange Commission is preparing to implement new guidelines for cryptocurrency trading and assets by the end of 2024. Business World News reported this development on Monday. SEC Chairperson Emilio B. Aquino emphasized the urgency of the matter and explained that the forthcoming framework aims to enhance investor protection by overseeing crypto trading activities in the country. These initiatives are part of the SEC's broader efforts to combat illicit financial activities, evident in recent measures taken against unregistered trading platforms. In a related move last month, the SEC called on Apple and Google to eliminate the Binance app from their app stores. The commission highlighted that Binance's lack of registration is a violation of Philippine SEC regulations. In addition, Aquino recognized the challenges posed by Filipinos using virtual private networks (VPNs) to access prohibited platforms. Despite the difficulty in total prevention, the SEC remains dedicated to minimizing unauthorized crypto operations. The regulator's proactive measures signify a strong commitment to establishing a secure and regulated digital asset environment in the Philippines.