CryptoPH Weekly News Recap: August 11 - 17, 2025

SEC CLARIFIES!

Author

Michael Mislos
August 18, 2025 • Estimated Reading Time: 5 minutes

🌟 Editor's Note

I was about to wrap up work last Friday when an official sent me the new press release from the SEC. The press release, entitled “Clarifying the Enforcement of the Rules on Crypto Asset Services Providers (CASP), sought to, well, clarify, the position of the SEC and the contents of the rules, which some misinterpret as a blanket ban on crypto trading.

Let’s finally dive in.

🧠 Top Story This Week

💡 SEC Clarifies CASP Rules: Crypto Trading Not Prohibited, But Registration Now Mandatory

The Philippine Securities and Exchange Commission (SEC) on Wednesday issued an advisory clarifying that its newly enforced rules on crypto asset service providers (CASPs) do not ban cryptocurrency trading or investment, but instead require proper registration and licensing.

“The CASP Rules do not prohibit cryptocurrency trading or investment. Rather, they require platforms to obtain the appropriate registration and licenses before offering their services in the Philippines. This ensures that investors are protected, market integrity is upheld, and all market participants operate on a level playing field.” - SEC

The SEC stated that the rules, which took effect on July 5, apply to all entities, local or foreign, that offer crypto services to users in the Philippines. (Read more: SEC Flags 10 Unregistered Crypto Exchanges, Eyes Website Blocking)

The regulator emphasized that enforcement actions against unregistered platforms fall within its legal mandate and are aimed at protecting investors from fraud, loss of funds, and money laundering risks.

The statement comes amid increasing scrutiny of offshore crypto exchanges operating without licenses in the country. While not naming specific platforms on this new advisory, the SEC noted that enforcement may include restricting access to non-compliant services.

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🚀 Around the Country

  • ‎ETHPh announced Speedrun Ethereum Mindanao special guest Austin Griffith. 

  • ‎GAM3 Awards to return to YGG Play Summit.

  • ‎PDAX listed FARTCOIN. 

  • ‎Local exchanges saw a surge in one-star Google Play reviews.

UnionBank’s app now includes a crypto section.

Scene on the Ground

⛰️ Base Build Dagupan

Base Philippines hosted its Base Build event at Universidad de Dagupan where they highlighted blockchain innovation and ways to empower local builders in Northern Philippines.

⛰️ Upcoming: Coinfest Asia 2025

All roads lead to Bali as Coinfest Asia is going to happen this August 21 - 22 and BitPinas will be covering the conference!

  • Check out the event here!

🗓️ What’s Next!

Final words

  • Thank you for reading! Whether Beehiiv is a temporary or permanent solution for us, we will probably very soon!

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