The Philippines Securities and Exchange Commission (PSEC) is not ready to issue final initial coin offering (ICO) regulation. The legislation was meant to be released before the end of 2018, English-language local media The Philippine Star reports on Dec. 31.
The aforementioned article attributes the delay of the release to a request by different stakeholders for further time to look at the draft ICO rules. The PSEC has reportedly revised anew the proposed regulation by taking into account different shareholders’ input.