Philippines cryptocurrency regulation is present, but not overbearing. The country's officials are actually quite keen on the technology for its usefulness in fast and cheap remittance. Seeing as this nation is the third largest recipient of remittance in the world, it's not unusual that they would be interested in using crypto for this. This means that officials will be likely to approve more legislation that will make it easier for their citizens to use cryptocurrencies for these purposes.
While they seem to be quite keen when it comes to practical uses for crypto, they are cracking down on both exchanges and coin offerings. Officials here don't want their country to garner a reputation as a haven for scam exchanges and ICOs, so they're cracking down and imposing heavy regulations.
While most of these will only impact the providers themselves and not everyday investors, depending on how serious these changes are it could cause many of these operators to flee this nation for greener pastures. It is, however, unlikely that there will be any outright bans on either exchanges or ICOs. This gives them a moderate score when we tally up all of our safety rating checklist items. Not the best, but not the worst either.