CryptoBearishcrypto.news · 4h ago7/10
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Binance Philippines return hits wall as BSP flags license gap
The Philippines' central bank (BSP) has blocked Binance and BlockShoals' market reentry plan by flagging that SEC sandbox approval is insufficient without proper VASP (Virtual Asset Service Provider) licenses. This regulatory gap prevents the exchanges from legally operating in the country despite passing the Securities and Exchange Commission's innovation sandbox program.
