On August 4, the Philippine SEC issued a notice warning that it may take enforcement action against crypto exchanges operating without proper registration. The advisory names OKX, ByBit, Bitget, Mexc, KuCoin, and Kraken, and cautions the public against using these platforms. The new regulations, effective from July 5, require firms to implement comprehensive measures including anti-money laundering systems and due diligence. Bitget acknowledged the advisory, while Binance remains unlicensed following a previous block.