Binance is again accessible to users in the Philippines through an arrangement with BlockShoals Technologies, but the structure stops short of giving either company authority to handle peso transfers or conduct activities regulated by the country’s central bank. The arrangement places Binance’s local access under the Securities and Exchange Commission’s crypto asset service provider framework. BlockShoals acts as a crypto asset intermediary, introducing Philippine users to Binance’s global trading platform rather than operating as a central bank-licensed virtual asset service provider. The distinction is central to ... (full story)