The Central Bank of the Philippines (BSP) has confirmed that neither Binance nor its local partner, BlockShoals Technologies Inc., holds a Virtual Asset Service Provider (VASP) operating license. BSP stated that participating in the regulatory sandbox of the Philippine Securities and Exchange Commission (SEC) does not exempt relevant entities from the requirement to obtain a separate license from the central bank. Reports indicate that BSP is coordinating with the SEC regarding the collaboration between BlockShoals and Binance. Previously, the SEC revised its statements, identifying Binance as a partner of a global Crypto Asset Service Provider (CASP), rather than a global VASP. (BitPinas) https://(wublock123.com)/news/philippines-central-bank-says-binance-blockshoals-no-vasp-license-62597