Infrawatch PH is urging the Securities and Exchange Commission (SEC) to take decisive action against Bitget and OKX for allegedly operating illegally in the Philippines. These platforms are accused of facilitating peer-to-peer crypto transactions without proper licenses, violating local financial laws. Infrawatch highlights the risks posed to Filipino investors, especially given the aggressive marketing tactics employed by these exchanges, which include promotional events at universities disguised as educational initiatives.

The call for action emphasizes the need for the SEC to issue cease-and-desist orders and impose maximum penalties to protect the public from unregulated crypto operations.

#CryptoRegulation #CryptoRegulation #Infrawatch #bitgetairdrop #OKX.