![Regulation of Virtual Currencies and Initial Coin Offerings in the Philippines](https://www.jurist.org/commentary/wp-content/uploads/sites/3/2018/07/Virtual_Currency_1532445829.jpg)
A recent Philippine Securities and Exchange Commission (“SEC”) Advisory reiterated its message to those conducting Initial Coin Offerings (“ICO”) of security tokens within the country: register your security tokens or be prepared to face penalties. Just this month, the SEC declared that the Ploutos Coin is a kind of security which must be registered first [...]