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SEC, GOOGLE COLLABORATE ON SCREENING CRYPTO ADS IN PH

The Securities and Exchange Commission (SEC) continues to work with Google to ensure regulatory compliance from entities doing business online in order to protect the investing public and other financial consumers.

After updating its screening process for online lending apps to help address the proliferation of predatory lending, Google will soon require advertisers offering cryptocurrency exchanges and wallets targeting the Philippine audience to present proof of their registration and/or license to operate in the country.

The new requirement, which will take effect on July 7.

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