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CryptoUpdated•Originally published 21 April 2026•Updated 21 April 2026•

1 min read

Philippine SEC Issues Warning Against 7 Crypto Platforms Including dYdX and Aevo

Key Facts

1The Philippine SEC issued a warning against seven trading platforms including dYdX, Aevo, and gTrade.

2The targeted platforms are allegedly operating without the required registration in the country.

The Philippine Securities and Exchange Commission (SEC) has issued a formal warning against seven cryptocurrency platforms, including dYdX, Aevo, and gTrade, for operating without mandatory registration. The regulatory list also includes Pacifica, Orderly, Deriv, and Ostium, which are accused of illegally offering investment products to Filipino citizens. In a significant escalation, the SEC clarified that individuals promoting these unauthorized platforms face severe legal consequences, including fines of up to 5 million Philippine pesos (approximately $89,000). Furthermore, promoters could face imprisonment for up to 21 years under local securities laws. These measures aim to safeguard domestic investors and ensure strict compliance with financial regulations. This crackdown signals a tightening regulatory landscape for digital assets across the Southeast Asian market.

about 1 month ago

Version History

2 additional sources confirmed this story

Version 1about 1 month ago

What changed: The story was updated to include the severe legal penalties announced by the Philippine SEC for promoters of unauthorized platforms, including substantial fines and potential imprisonment.