The post SEC Targets 10 Crypto Exchanges in the Philippines appeared first on Coinpedia Fintech News
The Philippine Securities and Exchange Commission (SEC) is ramping up its fight against offshore crypto exchanges that continue to operate without a license. In a fresh advisory issued on August 4, the regulator named 10 major global platforms accused of violating the country’s new digital asset compliance rules. They’ve reportedly been actively marketing and serving Filipino users, all while skipping mandatory Crypto Regulations in the Philippines.
Big Names in the Crosshairs
The list includes some of the biggest names in the industry, including OKX, Bybit, Mexc, Kucoin, Bitget, Phemex, Coinex, Bitmart, Poloniex, and Kraken. According to the SEC, these platforms are either actively promoting their services or remain fully accessible to users in the Philippines despite failing to secure the necessary authorization.
The SEC said they have identified and listed down 1
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