The Philippine Securities and Exchange Commission clarified that BlockShoals Technologies Inc.’s 90-day integration period in the SEC Strategic Sandbox is solely for establishing technical infrastructure with a virtual asset service provider licensed by the Bangko Sentral ng Pilipinas. It does not permit public onboarding, public trading or a broader market reopening. The integration will focus on secure fiat rails for converting Philippine pesos into cryptocurrency and vice versa. Any system access or operational connectivity must remain limited to technical integration and sandbox testing, while future public participation will require compliance with applicable regulatory requirements and further SEC approval.
2026-06-11Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission clarifies BlockShoals 90-day sandbox period is limited to technical integration
The Philippine Securities and Exchange Commission clarified that BlockShoals’ 90-day sandbox period is limited to technical integration with a licensed virtual asset service provider. It does not authorize public onboarding or trading, which would require further SEC approval.