币界网报道：[The Philippines has introduced comprehensive cryptocurrency regulations, requiring licenses and meeting capital requirements] According to the Bijie.com report, crypto asset service providers in the Philippines must now obtain licenses and comply with strict information disclosure requirements, which is the country's most comprehensive digital asset regulatory framework to date. Crypto asset service providers (CASPs) operating in the Philippines must register as local companies and meet the minimum paid-in capital requirement of ₱100 million (approximately US$1.8 million). The new regulations were issued on May 30 in accordance with the Philippine Securities and Exchange Commission (SEC) Memorandum No. 5 circular and officially took effect on Thursday. Companies are also required to set up physical offices, isolate customer assets from company assets, and submit regular operating reports.