The Philippine Securities and Exchange Commission (SEC) has issued a wave of public advisories against prominent decentralized cryptocurrency exchange dYdX, alongside four other decentralized trading platforms, warning the public that they are not authorized to solicit investments in the country. In a series of advisories, the Commission stated that these platforms allow Filipino investors to connect digital wallets and electronically trade crypto-assets and derivative instruments. The SEC noted that such activities may constitute the unauthorized offering and sale of securities under the Securities Regulation Code (SRC). (Read More: SEC Sets Effectivity Date of Crypto Asset Service Provider (CASP) Rules) A …