Philippine SEC Warns 10 Crypto Exchanges for Operating Without Registration
TLDR
- Philippine SEC warns 10 unlicensed exchanges, including OKX, Bybit, Kraken, and others.
- Unauthorized crypto platforms face legal actions and possible app store bans.
- SEC calls for stricter regulations to protect Filipino investors from unregistered exchanges.
- Southeast Asia, including Thailand and Indonesia, tightens crypto exchange laws.
The Philippine Securities and Exchange Commission (SEC) has issued a formal warning to 10 prominent cryptocurrency exchanges. These platforms include OKX, Bybit, Kraken, and others, which have been operating in the country without the necessary licenses. The SEC’s action is in response to these exchanges failing to meet the country’s regulatory requirements under the new crypto laws, which…
