Insider Spotlight

• BlockShoals said it met with BSP officials in late May to provide an update on its planned partnership with a BSP-regulated Virtual Asset Service Provider.
• The company said the VASP arrangement has always been part of its SEC-approved StratBox testing plan submitted in 2025.
• A VASP partner has already been selected, with due diligence and onboarding processes now underway.

The local partner of global cryptocurrency giant Binance said it updated regulators in late May on its progress toward partnering with a Bangko Sentral ng Pilipinas (BSP)-regulated Virtual Asset Service Provider (VASP), underscoring that the arrangement has long been a core component of its approved regulatory testing framework.

In a statement…