Binance Re-Enters Philippines as Regulator Clears BlockShoals Sandbox
From financemagnates.com
Binance is set to enter the Philippine market through a regulatory sandbox after the country's Securities and Exchange Commission granted final approval to BlockShoals Technologies Inc. to begin testing crypto-related financial products and services. Binance's return follows regulatory action in the Philippines in 2024, when the Securities and Exchange Commission said the exchange was operating without the required licenses and requested that local authorities restrict access to its platform. The development became public after Binance Co-founder and Chief Customer Service Officer Yi He said in a post on X that the ...
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