Binance Officially Enters Philippine Market Through SEC-Approved Sandbox Program

Binance has formally entered the Philippine market after the country's Securities and Exchange Commission (SEC) cleared Blockshoals Technologies Inc. to join its regulatory sandbox, Binance Co-CEO Yi He said.

The approval allows Blockshoals to evaluate its financial products and services within the SEC's supervised testing framework. During the 90-day sandbox period, the company will connect its platform to Binance, its global crypto-asset service provider (CASP).

Once the integration is complete and all regulatory conditions are met, Blockshoals will proceed with its authorized pilot, enabling users in the Philippines to register for and use Binance's services.

Source: Binance