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MANILA, Philippines – The Securities and Exchange Commission (SEC) has clarified that the 90-day integration period granted to BlockShoals Technologies Inc. under its regulatory sandbox program does not signal the resumption of public cryptocurrency trading activities.
In a statement issued on Thursday, the SEC said the integration period is intended solely for the establishment of technical infrastructure between BlockShoals and a virtual asset service provider (VASP) licensed by the Bangko Sentral ng Pilipinas.
READ: SEC allows homegrown fintech into sandbox
