Philippines SEC Flags Binance Sandbox Limits and Licensing Gaps Update

TLDR Philippines central bank said Binance and BlockShoals do not hold required VASP licenses. Authorities clarified that BSP licensing is separate from SEC sandbox approval rules. Binance previously faced restrictions in 2023 for operating without proper authorization. SEC allowed BlockShoals entry under the StratBox sandbox for controlled fintech testing. Regulators require integration with a licensed [...]

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