Binance Officially Enters Philippines via SEC Sandbox Approval for Blockshoals

According to Binance co-founder Yi He and the Philippine Securities and Exchange Commission, Binance officially entered the Philippines after the SEC approved Blockshoals Technologies Inc. to operate under a regulated sandbox program. The approval allows Philippine-based users to access selected Binance-linked services under supervised testing. Blockshoals will operate as a crypto-asset intermediary partner and will connect its systems to integrate with Binance over a 90-day rollout period.

The move comes as Binance faces tighter restrictions in Europe following the EU's MiCA transition period deadline on July 1, during which the exchange suspended new registrations and deposits in Italy, Spain, France, Poland, Belgium, and Sweden.