The regulatory expectations, detailed in Memorandum No. M-2026-023, aim to promote financial stability and protect consumer welfare by ensuring virtual asset services operate in a safe and sound manner.
The company disclosed that both parties are currently completing required due diligence, with formal system integration scheduled to begin once the partnership is finalized.
The SEC clarified that the BlockShoals-Binance sandbox remains limited to technical testing and fiat rail integration, with public onboarding and trading prohibited during the initial 90-day phase.
The BSP clarified that Binance and BlockShoals do not hold VASP licenses, underscoring that SEC sandbox participation does not replace separate central bank authorization requirements.
Thirteen individuals admitted their role in a Mandaluyong crypto scam, accepted a lesser cybercrime charge, and now await probation after a court-imposed prison sentence.
The National Bureau of Investigation (NBI), in coordination with the Securities and Exchange Commission (SEC), arrested an SEC director for allegedly extorting funds from a private corporation. The statement was sent to media outlets including BitPinas. Following the arrest during an entrapment operation, the Commission placed the director under preventive suspension while the investigation is…
COMELEC Chairman George Garcia announced yesterday that the decision followed recommendations from the Department of Budget and Management (DBM) to reduce the poll body’s funding request.
The sandbox implementation mandates that BlockShoals link its infrastructure with a (currently unnamed) licensed domestic VASP during the initial 90-day period.
Global cryptocurrency exchange Binance is officially entering the Philippine via a partnership with a local fintech firm.
The Philippine SEC ordered Riscoin and its affiliated entities to stop soliciting investments after regulators flagged the crypto copy-trading operation for selling unregistered securities nationwide.
