Philippines SEC flags dYdX, six unauthorized crypto platforms
The Philippine Securities and Exchange Commission (SEC) has issued a public investor alert cautioning Filipinos against investing in dYdX and six other crypto trading platforms. The regulator stated that these platforms are not registered or authorized to solicit investments in t...
➤ The Philippine SEC has issued an investor alert against dYdX and six other crypto platforms for operating without authorization. ➤ These platforms are accused of soliciting investments without proper registration under the country's crypto-asset service provider (CASP) framework. ➤ Violators face significant penalties, including fines and imprisonment, reflecting a broader trend of stricter crypto regulation in the Philippines.