The Philippines' compliance progress is quite significant this time, with CZ personally making a trip and BlockShoals' StratBox receiving in-principle approval as a signal of implementation.

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CZ stated that he recently visited the Philippines and met with the Philippine Department of Finance, the Securities and Exchange Commission (SEC), and the BlockShoals team. He mentioned that the Philippines has jumped to fourth place in TRM Labs' Global Crypto Adoption Index, and revealed that the PhiliFintech Innovation Office under the Philippine SEC has granted BlockShoals an in-principle approval for StratBox.
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