The Philippines Securities and Exchange Commission has issued an investor warning, stating that platforms such as dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium are not registered or authorized locally and are not permitted to offer investment services to the Filipino public. The regulatory agency said that individuals promoting these platforms could face criminal charges under securities law, with fines of up to 5 million Philippine pesos (approximately $89k) or a maximum of 21 years in prison, or both. The Philippines has been intensifying enforcement against unregistered crypto platforms in recent years. (Cointelegraph)

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