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Philippine SEC Warns Against Unlicensed Crypto Exchanges Amid FTX Collapse

After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges. 

The Securities and Exchanges Commission (SEC) in the Philippines issued an advisory to the public against using unregistered cryptocurrency exchanges that are operating within the country. Within the warning, the SEC did not directly mention the FTX exchange but said that the warning considers “the recent collapse of a large international cryptocurrency exchange.”

(By EZRA REGUERRA)

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