SEC, UP Law Center ink deal for fintech policies

By VG Cabuag @villygc

THE Securities and Exchange Commission (SEC) has partnered with the University of the Philippines Law Center to improve the formulation of policies that could better address the regulation of financial technology (fintech) in the country.

In a ceremony held last January 19, top officials from the SEC and the UP Law Center signed a memorandum of understanding for the conduct of joint research projects, capacity building and policy analysis, and resource sharing and information sharing concerning fintech.

Under the partnership, the UP Law Center will provide aid in the creation of a legal and regulatory framework to initially address issues surrounding cryptocurrencies, before focusing on other fintech products and their corresponding regulation. For its part, the SEC will provide resources to help support activities that may be conducted by the UP Law