Binance Plans Philippine Comeback Through Local Partner
Binance aims to re-enter the Philippines by partnering with BlockShoals Technologies to operate within the SEC's regulatory sandbox framework.Summary
Binance has announced a partnership with the fintech company BlockShoals Technologies to facilitate its return to the Philippine market. BlockShoals is a participant in the Philippine Securities and Exchange Commission’s (SEC) Strategic Sandbox (StratBox) framework, which will serve as the vehicle for Binance’s compliant market re-entry. Binance will provide the necessary technology, security, and operational support for the initiative.
This strategic move follows a period of restricted access in the Philippines, where the SEC previously blocked the exchange for operating without proper licenses. The sandbox phase is scheduled to begin in the second half of 2026, marking a significant effort by the exchange to align with local regulatory requirements following past enforcement actions against unlicensed crypto platforms in the region.
(Source：Cointelegraph)