The Philippine Securities and Exchange Commission (SEC) has issued a warning to investors regarding seven cryptocurrency trading platforms: dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium. According to the SEC, these platforms are not registered and lack the necessary authorization under the Crypto Asset Service Provider (CASP) framework. The SEC cautioned that individuals promoting these unregistered platforms in the Philippines could face severe penalties, including fines up to PHP 5,000,000 (approximately $89,000) or imprisonment for up to 21 years. The warning underscores the importance of ensuring compliance with local regulations when engaging in cryptocurrency trading.