The Philippines Securities and Exchange Commission (SEC) has flagged off an advisory exchanges to 10 major international cryptocurrency exchanges to work with a county without the required license.
Popular exchange including Okx, Bybit, Kucoin, KRAKEN, Mexc, Bitget, Phemex, Coinx, Bitmart and Poloniex made the list.
4 August 2025 advisor advisor, “There is no license, registration or authority to operate in the Philippines near these platforms or for social investment from the public.”
After benns … pHS
These CEXEs give flags and win people to use local CEXES (which are super-flow and over-the-top fees) SRC: https://t.co/ify3rjw39x pic.twitter.com/oyp94A10KN
– Janabi
(@Jannabi_L3Gend) August 5, 2025
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“The list of ten exchanges is not complete,” says Philippines Second
It is safely stated that the rules are designed to implement anyone, which “provides, promotes, or facilitates the crypto-asset trading venue or intermediate services.”
The act for SEC, their continuous operation instigated local users to consider RICC, as they look at the legal framework to protect investors. The regulator was warned of adjacent enforcement works. The action shuts down the canalude and prevents orders, and criminal complaints.
“Their functions are unauthorized and Filipino exposes investors to significant risk, including Total loss of money, no legal recurrence, exposure for fraud, market manipulation, and identity theft, “safe.
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The most immediate concern for users is likely to lose access to platforms
Like flexing on Crypto in the Philippines, it is a gym subscription! Booting unregistered exchange? Worthy, best wishes with him! #Regulatationiscoming #Cryptochoas
This news is negative.
– PM Cypher (@PM_CYPHER) August 5, 2025
The Philippines secured that it would work with Google, Apple and Meta to curb marketing activities of these unauthorized exchanges. Officers can potentially block their apps. It is also the ability that users can be given a limited window to withdraw their money. Therefore, the drone from Crypto investors in this step is an important critic, with the most leasing on X. “This news is negative,” a user insisted.
In a Simila list year, privacy directed Google and Apple to rest the Binance app from their local app store. Officials cited investor protection concerns.
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key takeaways
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Popular exchanges, including Okx, Bybit, Kukoin, Kraken, Mexc, Bitget, Phemex, Coinx, Bitmart and Poloniex, made the Philippines of exchange operations in the country without essential choice.
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For now, exchanges in the Philippines are accessible. Many continue to maintain an active local marketing. However, SEC’s public advisory services as the final warning.
The post The Philippines warns for non-transportation for sec Okx, bybit, kraken, first appeared on 99bitcoins.