TechFlow, August 6 — According to Decrypt, on August 6 the Philippine Securities and Exchange Commission (SEC) took action to block access to ten foreign cryptocurrency trading platforms—including OKX, MEXC, Bybit, and KuCoin—via major internet service providers. The regulator had previously warned that these platforms were offering services to residents without proper licensing or registration, violating local regulations.
Under new rules effective in June this year, crypto asset service providers must register as a local company in the Philippines and maintain a minimum paid-in capital of at least $180 million.
Add to Favorites
Share to Social Media
