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Philippine SEC warns dYdX and other platforms are unlicensed; promoters may face criminal liability

SmartContractAuditor

2026-04-21 09:36:07

Odaily Planet Daily News: The Philippine Securities and Exchange Commission (SEC) has issued an investor warning stating that platforms such as dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium are not registered locally and have not obtained the relevant licenses for cryptocurrency asset service providers.

The SEC stated that individuals promoting the above platforms within the Philippines may face criminal liability, with fines of up to 5 million Philippine pesos or imprisonment for up to 21 years.

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