Binance Regains Access to Philippines Through Limited Trading Arrangement

Binance has returned to the Philippines through an arrangement with BlockShoals Technologies, but its availability is limited to trading access under the Securities and Exchange Commission's (SEC) crypto asset service provider framework.

The structure does not grant either company authority to handle peso transfers or conduct activities regulated by the Bangko Sentral ng Pilipinas (BSP), the country's central bank.

BlockShoals acts as a crypto asset intermediary, introducing Philippine users to Binance's global trading platform rather than operating as a central bank-licensed virtual asset service provider.

The arrangement is part of the SEC's Strategic Sandbox, known as StratBox, which allows firms to test regulated crypto activity under a supervised framework.