Philippines Regulators Clarify Binance Sandbox Status

The post Philippines Regulators Clarify Binance Sandbox Status appeared first on Coinpedia Fintech News

The Bangko Sentral ng Pilipinas said neither Binance nor BlockShoals Technologies Inc. holds a Certificate of Authority to operate as a Virtual Asset Service Provider (VASP). The statement followed an Securities and Exchange Commission clarification that the BlockShoals regulatory sandbox is for testing only, does not allow public onboarding, and identifies Binance as a crypto-asset …