The Philippines Securities and Exchange Commission (SEC) has issued warnings to ten cryptocurrency exchanges, including prominent platforms like Bybit, OKX, KuCoin, and Kraken, for operating without the necessary licenses. This action underscores the SEC's commitment to enforcing regulations aimed at protecting Filipino investors. These exchanges are allegedly providing services to users within the Philippines despite lacking proper registration, violating regulations in effect since July 5th. Besides the aforementioned, MEXC, Bitget, and Poloniex are also among the exchanges facing scrutiny. The SEC's move highlights the importance of regulatory compliance for cryptocurrency exchanges operating in the Philippines. Users are advised to exercise caution and consider the regulatory status of exchanges before engaging in trading activities. The SEC's actions aim to foster a safer and more transparent cryptocurrency environment within the country. ```

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