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Foresight News reports that He Yi announced on Twitter that Binance has officially entered the Philippines. The accompanying announcement shows that the Philippines SEC has officially approved BlockShoals Technologies Inc. to launch testing of its financial products and services under the commission's regulatory sandbox framework. BlockShoals' 'Strategic Sandbox' project operates using a crypto asset intermediary model, enabling Filipino users to access products and services through its Crypto Asset Service Provider (CASP) partners. As part of the initial testing phase, BlockShoals will integrate its system with local Virtual Asset Service Provider partners within 90 days. Upon successful integration, BlockShoals will proceed with implementing its approved testing plan, including user registration through its global CASP partner Binance, while adhering to applicable safeguards and regulatory oversight.