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Philippine Securities and Exchange Commission Calls Out 10 Unlicensed Cryptocurrency Exchanges

Summary: According to reports from Cointelegraph, the Philippine Securities and Exchange Commission (SEC) has released a consultation report naming 10 major cryptocurrency exchanges, including OKX, Bybit, KuCoin, Kraken, etc., for operating without authorization under the country's new cryptocurrency regulations. The alert stated, 'These platforms have not obtained permission, registration, or authorization from the Philippine Securities and ...

According to reports from Cointelegraph, the Philippine Securities and Exchange Commission (SEC) has released a consultation report naming 10 major cryptocurrency exchanges, including OKX, Bybit, KuCoin, Kraken, etc., for operating without authorization under the country's new cryptocurrency regulations. The alert stated, 'These platforms have not obtained permission, registration, or authorization from the Philippine Securities and Exchange Commission, and are not allowed to operate in the Philippines or solicit investments from the public.' The alert also added, 'Their unauthorized actions expose Filipino investors to significant risks.'

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