The Philippines Securities and Exchange Commission (SEC) has identified dYdX and six other crypto platforms as unauthorized to operate in the country. The SEC reminds the public that engaging with unlicensed crypto operators may result in substantial penalties, including fines of up to 5 million PHP (approx. $89,000) or possible imprisonment for up to 21 years for promoters. Always verify the registration and legitimacy of crypto platforms before investing. Read more: https://t.co/H79ITENVUS #CryptoRegulation #Philippines #SEC #CryptoNews #InvestSafely
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