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Binance Allowed Crypto Trading Access in Philippines via BlockShoals, but Peso Transfers Restricted
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.
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Cointelegraph