Philippines SEC Approves Binance's BlockShoals Unit for Regulatory Sandbox Testing

According to He Yi's announcement and Foresight News, the Philippines Securities and Exchange Commission has officially approved BlockShoals Technologies Inc. to launch financial products and services testing under its regulatory sandbox framework. Binance will serve as a crypto asset service provider (CASP) partner, enabling Philippine users to access services through BlockShoals' intermediary model. BlockShoals has 90 days to integrate its systems with local virtual asset providers before proceeding with user registration through Binance and other global CASP partners, subject to applicable safeguards and regulatory supervision.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments