[Philippine Central Bank States Binance and Local Partner BlockShoals Lack VASP License] According to BitPinas, the Philippine Central Bank has confirmed that neither Binance nor its local partner, BlockShoals Technologies Inc., holds a Virtual Asset Service Provider (VASP) license. The central bank stated that participation in the Securities and Exchange Commission (SEC) regulatory sandbox does not exempt entities from the requirement to independently apply for central bank authorization. The central bank and the SEC are coordinating on the collaboration between BlockShoals and Binance. Previously, the Philippine SEC revised BlockShoals' testing terms, designating Binance as a global crypto asset service provider partner rather than a global VASP.