Is it safe to trade in coins in PH?

Hello there, I'm curious about the safety of trading in coins in the Philippines. As a potential investor, I want to ensure that my funds are secure and protected from any potential risks. Could you elaborate on the current state of the cryptocurrency market in the country, any regulations in place to safeguard traders, and any advice you might have for those looking to engage in coin trading in the Philippines? Thank you for your insights.