Binance Finds a Backdoor to Return Into the Philippines After Its 2024 Ban
BeInCrypto
Binance is re-entering the Philippine market through a regulatory sandbox partnership with local fintech firm BlockShoals Technologies.Summary
Binance has partnered with the Philippine fintech company BlockShoals Technologies to re-enter the local market via the SEC's StratBox regulatory sandbox. This move follows a 2024 ban imposed by the Philippine SEC due to unregistered securities offerings. Under the agreement, BlockShoals will act as the locally accountable entity, while Binance provides technical infrastructure and compliance support for a two-year trial starting in late 2026.
(Source：BeInCrypto)