The Philippines Securities and Exchange Commission has issued an investor warning, stating that platforms including dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium are not registered or authorized locally and are not permitted to provide investment services to the public in the Philippines. The regulator said individuals promoting the above platforms may be subject to criminal liability under the Securities Act, with a maximum fine of 5 million Philippine pesos (approximately $89,000) or up to 21 years’ imprisonment, or both. In recent years, the Philippines has continued to intensify law enforcement against unregistered crypto platforms. (Cointelegraph)