The Philippine Securities and Exchange Commission (SEC) has flagged ten prominent crypto exchanges for operating in the country without the necessary approval. The financial watchdog warned that it could take legal and regulatory action against the violators. The SEC highlighted concerns about the dangers of fraud, market manipulation, and identity theft.

The Philippine Securities and Exchange Commission (SEC) has flagged ten prominent crypto exchanges for operating in the country without the necessary approval. The financial watchdog warned that it could take legal and regulatory action against the violators. The SEC highlighted concerns about the dangers of fraud, market manipulation, and identity theft.

Source: https://cryptoslate.com/philippines-sec-targets-major-crypto-exchanges-for-operating-without-licences/