TechFlow News, April 21: The Securities and Exchange Commission (SEC) of the Philippines issued an investor alert warning the public against investing on seven cryptocurrency trading platforms—dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium. The SEC stated that none of these platforms are registered with the Commission nor hold the necessary authorizations required under the Crypto Asset Service Provider (CASP) framework. The SEC also warned that individuals promoting these platforms within the Philippines may face criminal liability, including fines of up to PHP 5,000,000 (approximately USD 89,000) or imprisonment for up to 21 years.
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