The Philippines SEC warns 10 unregistered overseas encryption exchanges for operating illegally.

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[Chain News] PANews, August 5th – The Philippines Securities and Exchange Commission (SEC) issued a notice reminding investors to be cautious of unregistered overseas crypto asset platforms. Several digital asset service providers are operating in the country without authorization, violating the newly implemented compliance requirements by offering trading services. The announcement pointed out that currently, there are 10 exchanges violating domestic securities regulations, namely: a certain trading platform, a certain trading platform, a certain trading platform, a certain trading platform, a certain trading platform, a certain trading platform, a certain trading platform, a certain trading platform, a certain trading platform, and a certain trading platform. Despite the fact that these exchanges have not been issued licenses by the Philippines SEC according to Memorandum Circulars No. 4 and No. 5 effective July 2025, they are still actively promoting services or allowing users to access within the country. In addition, the regulatory agency stated that other crypto asset exchanges may also be in violation, emphasizing that this list is not exhaustive, and platforms providing similar services to the public in the Philippines without registration or approval are violating the country's securities laws. Following the earlier geographical restrictions imposed on a certain trading platform, the Philippines SEC revealed that multiple other platforms remain accessible and are conducting unauthorized marketing activities targeting Filipino residents.

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ApeWithNoChainvip
· 16h ago
Starting without even getting a license
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Ser_APY_2000vip
· 08-06 04:25
Sign up is the bottom line of the rules.
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GweiWatchervip
· 08-05 12:09
The era of strict regulation has arrived.
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SigmaValidatorvip
· 08-05 05:56
Regulatory trends are irreversible
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notSatoshi1971vip
· 08-05 05:31
The hair is standing on end.
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BlockchainBouncervip
· 08-05 05:27
Once again, the wave of regulatory tightening is upon us.
View OriginalReply0
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