Altcoins News
By Evie Vavasseur
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Registration Requirements and Penalties. Under the CASP Rules, any entity offering crypto services in the Philippines needs to register…
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What Investors Should Do. The SEC keeps pushing the same message: check registration status before investing.
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The Philippine Securities and Exchange Commission just dropped a warning about dYdX and six other crypto platforms. None of them registered.
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The commission's advisory came out this week, naming dYdX alongside Aevo, GTrade, Pacifica, Orderly, Deriv, and Ostium as unauthorized entities offering investment opportunities…
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Under the CASP Rules, any entity offering crypto services in the Philippines needs to register with the SEC and obtain proper licenses. That's not optional.
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The regulatory framework exists to protect investors from scams and financial harm. But it also aims to maintain market integrity across the Philippines' growing crypto sector.
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And it's not just the platforms themselves facing heat. Anyone promoting these unregistered entities could face criminal charges too.
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The commission wants people to understand the legal exposure here. Promoters and agents working on behalf of unregistered platforms fall under the Securities Regulation Code's…
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The SEC keeps pushing the same message: check registration status before investing. The commission's Enforcement and Investor Protection Department accepts reports about…
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Crypto adoption has grown sharply across Southeast Asia in recent years, and the Philippines has seen its share of that growth.
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More context: SEC Wants Your Take on Consolidated Audit Trail Overhaul
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The commission's notice didn't specify when or how it identified these seven platforms as operating without authorization.
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For dYdX specifically, the platform operates as a decentralized exchange focused on derivatives trading.
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The other platforms named in the advisory—Aevo, GTrade, Pacifica, Orderly, Deriv, and Ostium—cover a range of crypto services.
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Compliance with the CASP Rules involves more than just paperwork. Platforms need to meet capital requirements, implement anti-money laundering controls, and submit to ongoing…
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