NEW: Binance has received approval to operate in the Philippines.
Goodnews for Filipinos, Binance will re-enter in Philippine market after 2 years of being blocked.
According to the Philippine SEC, the approval was granted after BlockShoals completed all remaining regulatory requirements. The company had previously received initial clearance for its Sandbox application last year.
Once the integration is completed, BlockShoals will move to the next stage of its approved testing plan. This includes onboarding users through its global CASP partner, Binance, while complying with the safeguards and regulatory oversight required by the SEC.
Goodnews for Filipinos, Binance will re-enter in Philippine market after 2 years of being blocked.
According to the Philippine SEC, the approval was granted after BlockShoals completed all remaining regulatory requirements. The company had previously received initial clearance for its Sandbox application last year.
Once the integration is completed, BlockShoals will move to the next stage of its approved testing plan. This includes onboarding users through its global CASP partner, Binance, while complying with the safeguards and regulatory oversight required by the SEC.