{"id":40619,"date":"2025-08-05T21:32:00","date_gmt":"2025-08-05T21:32:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40619"},"modified":"2025-08-05T21:32:00","modified_gmt":"2025-08-05T21:32:00","slug":"philippines-sec-issues-warnings-to-okx-bybit-kraken-for-non-compliance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40619","title":{"rendered":"Philippines SEC Issues Warnings To OKX, Bybit, Kraken For Non-Compliance"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">The Philippines Securities and Exchange Commission (SEC) has issued an advisory flagging 10 major international cryptocurrency exchanges for operating within the country without necessary licenses. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Popular exchanges including OKX, Bybit, KuCoin, Kraken, MEXC, Bitget, Phemex, CoinEx, BitMart and Poloniex made the list.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A <a href=\"https:\/\/www.sec.gov.ph\/advisories-2025\/unregistered-crypto-platforms-continue-to-target-filipinos-sec-to-enforce-sanctions-against-violatorsthe-securities-and-exchange-commission-sec-warns-the-public-against-engaging-with\/#gsc.tab=0\" rel=\"nofollow\" target=\"_blank\">4th August 2025 advisory<\/a> from the SEC said, \u201cThese platforms have no license, registration, or authorization from the SEC to operate in the Philippines or to solicit investments from the public.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">After Binance\u2026 PH SEC <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1f5-1f1ed.png\" alt=\"\ud83c\uddf5\ud83c\udded\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Flags these CEXes and wanted people to use local CEXes (which are super slow and have over-the-top  fees) clowns<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f921.png\" alt=\"\ud83e\udd21\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>src: <a href=\"https:\/\/t.co\/ifY3rjW39X\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/ifY3rjW39X<\/a> <a href=\"https:\/\/t.co\/OYP94A10Kn\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/OYP94A10Kn<\/a><\/p>\n<p>\u2014 JANNABI <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1f5-1f1ed.png\" alt=\"\ud83c\uddf5\ud83c\udded\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@JANNABI_L3gend) <a href=\"https:\/\/twitter.com\/JANNABI_L3gend\/status\/1952665663857889631?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u00a0<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><strong>\u201cList of ten exchanges is not exhaustive,\u201d Says Phillippines SEC <\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The SEC also insisted that the rules are designed to apply broadly to anyone who \u201coffers, promotes, or facilitates access to crypto-asset trading venues or intermediation services.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the SEC, their continued operation exposes local users to considerable risks, as they function outside the legal framework established to safeguard investors. The regulator was warned of impending enforcement actions. The action can include cease and desist orders, and criminal complaints.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cTheir actions are unauthorized and expose Filipino investors to significant risk, including <\/span><span style=\"font-weight: 400\">total loss of funds, no legal recourse, exposure to fraud, market manipulation, and identity theft,\u201d the SEC said.\u00a0<\/span><\/p>\n<p><strong>Explore:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">Top 20 Crypto to Buy in August 2025<\/a><\/strong><\/p>\n<h2><strong>Most Immediate Concern for Users is Possibility of Losing Access to Platforms <\/strong><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SEC in the Philippines flexing on crypto like it&#8217;s a gym membership! Unregistered exchanges getting the boot? LOL, good luck with that! <a href=\"https:\/\/twitter.com\/hashtag\/RegulationIsComing?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#RegulationIsComing<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoChaos?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#CryptoChaos<\/a><\/p>\n<p>This news is negative.<\/p>\n<p>\u2014 PM Cypher (@pm_cypher) <a href=\"https:\/\/twitter.com\/pm_cypher\/status\/1952651651099079088?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The Philippines SEC said it will work with Google, Apple and Meta to curb the marketing activities of these unauthorized exchanges. The authorities can also potentially block their apps. There is also the possibility that users may be given a limited window to withdraw their funds. Therefore, the move has drawn significant criticism from crypto investors, with most lashing out on X. \u201cThis news is negative,\u201d insisted a user.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a similar move last year, the SEC successfully directed Google and Apple to remove the Binance App from their local app stores. The authorities cited investor protection concerns.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Popular exchanges including OKX, Bybit, KuCoin, Kraken, MEXC, Bitget, Phemex, CoinEx, BitMart and Poloniex made the Philippines SEC list of exchanges operating in the country without necessary licenses.\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         For now, the exchanges remain accessible in the Philippines. Many continue to maintain an active local marketing presence. However, the SEC\u2019s public advisory serves as a final warning.\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/philippines-sec-issues-warnings-to-okx-bybit-kraken-for-non-compliance\/\">Philippines SEC Issues Warnings To OKX, Bybit, Kraken For Non-Compliance<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Philippines Securities and Exchange Commission (SEC) has issued an advisory flagging 10 major international cryptocurrency exchanges for operating within the country without necessary licenses. Popular exchanges including OKX, Bybit, KuCoin, Kraken, MEXC, Bitget, Phemex, CoinEx, BitMart and Poloniex made the list. A 4th August 2025 advisory from the SEC said, \u201cThese platforms have no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40619","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40619"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40619\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}