Insider Spotlight
In a post on X on the night of Sunday, June 28, 206, Zhao — after a visit to the Philippines — said that the country has become “one of the most exciting digital asset markets in SEA right now,” noting that it ranks fourth globally in TRM Labs’ Country Crypto Adoption Index.
The big picture
Zhao credited Philippine regulators for adopting what he called a collaborative and forward-looking approach to crypto regulation.
“Their regulators get it. Collaborative, forward-thinking, focused on outcomes: consumer protection, innovation, growth. Rare combo,” he wrote.
During his visit, Zhao met officials from the Department of Finance, including Secretary Frederick Go, Securities and Exchange Commission chair Francis Lim, and representatives from crypto analytics firm BlockShoals. He said discussions centered on the future direction of the digital asset industry.
Why it matters
Zhao singled out the SEC’s PhiliFintech Innovation Office for granting BlockScholes in-principle approval under its StratBox regulatory sandbox, describing the move as an example of effective regulation.
“This is what good regulation looks like. Build pathways, not walls. Programs like that signal that the Philippines is serious. Confidence attracts capital. Capital funds innovation. Flywheel starts here,” he said.
The StratBox initiative is designed to allow financial technology firms to test innovative products and services within a supervised regulatory environment before broader market deployment.
What to watch
Zhao concluded his post by reiterating his positive outlook on both the Philippines and the broader cryptocurrency market.
“Bullish on the Philippines. And crypto - buying the dip. More soon. 🇵🇭”
His remarks come as the Philippines continues to position itself as a regional fintech and digital asset hub, with regulators pursuing initiatives aimed at fostering innovation while strengthening investor protection and market integrity.
— Edited by Daxim L. Lucas
