Binance cryptocurrency exchange [Photo: Shutterstock]

Binance is providing Philippine users with access to cryptocurrency trading through a partnership with BlockScholes Technologies. Cointelegraph reported on June 19 that the partnership is based on the Philippines Securities and Exchange Commission (SEC) crypto asset service provider framework and the strategic sandbox known as Stratbox.

Marie Antoinette Quiogue (마리 앙투아네트 키오그), BlockScholes' chief legal officer, said at Philippine Blockchain Week 2026 that BlockScholes, as a crypto asset broker, connects Philippine users to Binance's global trading platform. She added that trading activity falls under the SEC's jurisdiction and that Binance and BlockScholes do not handle peso transfers.

Binance and BlockScholes have not obtained a virtual asset service provider (VASP) licence from the Philippine central bank. The central bank said neither company is authorised to operate as a VASP and that participation in the regulatory sandbox alone does not exempt them from complying with relevant laws and licensing requirements. The central bank is discussing the matter with the SEC.

Quiogue also acknowledged that the two companies have not applied for a local VASP licence. She said the service currently provided is trading access that falls under the SEC's jurisdiction, and that if they offer products regulated by other government agencies they must obtain approval from those agencies.

Keyword

#Binance #BlockScholes Technologies #Philippines Securities and Exchange Commission #Stratbox #Bangko Sentral ng Pilipinas
Copyright © DigitalToday. All rights reserved. Unauthorized reproduction and redistribution are prohibited.