Philippine Digest: SEC to draft ICO rules; RCBC eyes $291m rights offer

Philippine Digest: SEC to draft ICO rules; RCBC eyes $291m rights offer

Photographer: Chris Ratcliffe/Bloomberg

The Philippine Securities and Exchange Commission said it is drafting the guidelines for initial coin offerings in the country instead of totally banning the fundraising activity. Listed lender RCBC, on the other hand, seeks to raise Php15 billion in a stock rights offer.

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