Binance Eyes Regulated Return to Philippine Market

Binance, one of the world's largest cryptocurrency exchanges, is preparing to re-enter the Philippine market through a partnership with local fintech firm BlockShoals Technologies.

The partnership will operate under the Philippine Securities and Exchange Commission's (SEC) StratBox regulatory sandbox program, which allows for the testing of digital asset services in a controlled environment before broader public rollout.

Binance was blocked in the Philippines in 2023 and 2024 due to concerns over unlicensed operations. However, the company has since been working with regulators to establish a compliant presence in the market.