According to Decrypt, the Philippine Securities and Exchange Commission (SEC) took action today to cut off access to ten offshore cryptocurrency trading platforms through major internet service providers, including OKX, MEXC, Bybit, KuCoin, Bitget, Kraken, CoinEx, Phemex, BitMart, and Poloniex.
Previously, the Philippine regulator warned that crypto platforms violated local regulations by providing services to Filipino residents without being licensed and registered. Under the new rules, which came into effect in June, crypto asset service providers must be registered as local companies in the Philippines and hold a minimum paid-up capital of at least $180 million.
Philippines cuts off access to ten overseas cryptocurrency trading platforms
2025-08-06 13:15:20
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
菲律宾切断十家境外加密货币交易平台访问权限Next article：
美股开盘，道指开涨0.19%，标普500指数开涨0.15%
