Binance Partner BlockShoals Confirms AMLC Registration in the Philippines

BlockShoals Technologies Inc., Binance’s local partner in the Philippines, has confirmed that it is registered with the Anti-Money Laundering Council as a covered person under the country’s Anti-Money Laundering Act. The company said the certificate of registration was issued on June 18, 2026, and that the status is held in BlockShoals’ own name.

What Blockshoals said

BlockShoals said its AMLC status comes from its role as a crypto-asset service provider operating under the Securities and Exchange Commission’s Strategic Regulatory Sandbox, where it is classified as a crypto-asset intermediary. The company emphasized that the registration is separate and independently held, and that it will comply with all obligations tied to being a covered person under Philippine anti-money-laundering rules.

Why the Registration Matters

The confirmation strengthens the compliance structure behind Binance’s planned return to the Philippines through BlockShoals. It also shows that the local arrangement is being built around both SEC sandbox rules and anti-money-laundering requirements, which are key to operating in the market.

Background on the Binance-BlockShoals Partnership

Binance announced its partnership with BlockShoals in May 2026, saying the Philippine company would serve as the approved local intermediary under the SEC’s Strategic Sandbox framework. Binance also said BlockShoals would handle the local compliance side while Binance contributes technology, security, operational support, and compliance capabilities developed in regulated markets.

Regulatory Context

The AMLC registration means BlockShoals is recognized as a covered person under Philippine anti-money-laundering rules, which typically brings reporting, customer due diligence, and compliance obligations. The company’s sandbox role also places it under SEC supervision as a crypto-asset intermediary, making the Philippine rollout dependent on local oversight rather than an offshore-only structure.