Binance seeks Philippines comeback through SEC sandbox deal
Binance has partnered with BlockShoals Technologies as it seeks a regulated path back into the Philippines. Binance partnered with BlockShoals, an approved participant under the Philippine SECs StratBox sandbox framework.BlockShoals will act as the approved local intermediary while Binance provides technology and compliance support.Binance remains blocked in the Philippines after the SEC raised licensing concerns in 2024. The exchange said on May 26 that the partnership will operate under the Philippine Securities and Exchange Commissions Strategic Sandbox, also known as StratBox. BlockShoals is a Philippine-registered company approved under the SECs Crypto Asset Intermediary framework within the sandbox structure. Binance said BlockShoals will serve as the approved local intermediary, while Binance will provide technology, security, operations, product support, and compliance experience. We are excited to support the Philippine SECs StratBox initiative through our partnership with BlockShoals. Frameworks like StratBox matter because they create space for innovation, dialogue, and stronger safeguards for users — all at the same time. SEC sandbox gives Binance a new route Binance said the arrangement aims to test a tailored platform experience for users in the Philippines inside a supervised environment. The company described the sandbox as a “controlled and supervised environment” for financial innovation. The sandbox phase is expected to begin in the