Daily brief
Regulatory · Philippines · Tue 8 Sept · 3 min read
BlockShoals surfaces on Binance PH page; sandbox role confirmed
What happened
Binance's Philippines-facing price page explicitly names BlockShoals Technologies Inc. as the entity through which Binance services are made available in the Philippines. The disclosure confirms BlockShoals holds approval from the Securities and Exchange Commission of the Philippines (SEC) as a Crypto Asset Intermediary under the SEC Strategic Sandbox, governed by Memorandum Circular No. 9, series of 2024, and supplemented by MC No. 4 and MC No. 5, series of 2025. The page language draws a clear line: BlockShoals is an introducing intermediary only. It does not itself provide trading, custody, or brokerage services. Those services remain with Binance's global entity.
Why it matters
Sources: Tavily
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