Binance CZ Praises Philippines After Regulators Approve Crypto Sandbox Application for BlockShoals
Changpeng Zhao, chief executive of Binance, praised the Philippines’ cryptocurrency regulatory environment following a meeting with senior government officials, including Department of Finance Secretary Frederick Go and Securities and Exchange Commission Chairman Francis Lim. Zhao highlighted that the country has climbed to fourth place globally in crypto adoption according to a recent ranking by blockchain analytics firm TRM Labs.
During the visit, Zhao noted that the SEC’s PhiliFintech Innovation Office granted in-principle approval to local digital asset platform BlockShoals under StratBox, a regulatory sandbox program designed to test new financial technologies under agency supervision. He described the decision as evidence of a forward-thinking framework that balances consumer protection with industry growth, signaling that investor capital is likely to flow into the Southeast Asian market.
From the sources (2 posts)
@cz_binanceJust back from the Philippines. One of the most exciting digital asset markets in SEA right now, jumping to 4th globally in TRM Labs' Country Crypto Adoption Index. Their regulators get it. Collaborative, forward-thinking, focused on outco
@cryptohapCZ said he met with leaders from the Philippines' Department of Finance, including Secretary Frederick Go, SEC Chairman Francis Lim, and the BlockShoals team to discuss the future of the digital asset industry. He also noted that the SEC's