The Philippines is pushing these regulations to ensure their cryptocurrency investors are secure and the industry has the required innovation to grow.
source https://www.google.com/url?rct=j&sa=t&url=https://ambcrypto.com/philippines-cagayan-economic-zone-authority-pushes-massive-cryptocurrency-regulations/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNFcp4pEENPIrmUBk_Bm5vCFTpi-CQ
