The Philippine SEC is ready to embrace the tokenization of real-world assets, with Commissioner Rogelio Quevedo stating that legal and regulatory foundations are in place. The move aims to spur innovation in capital markets and provide safer investment options for Overseas Filipino Workers.
Binance can offer crypto trading in the Philippines via BlockShoals, but neither is authorized for peso transfers or other central bank-regulated activities. BlockShoals acts as an intermediary under the SEC's CASP framework, while the BSP clarifies that VASP licenses are still required for regulated activities.
Promoters of flagged platforms may face fines of up to 5 million Philippine pesos ($89,000) or up to 21 years in prison under Philippine securities law.
The Philippine SEC issued an investor alert on April 14, 2026 warning against seven crypto platforms—dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium—for operating without registration under the CASP framework. The regulator warned promoters could face fines up to 5 million Philippine pesos ($89,000) or 21 years imprisonment. This marks an escalation in the Philippines' crackdown on unlicensed crypto operators, following previous actions against Binance, Coinbase, Gemini, and ten other exchanges in 2025.
