Gemini Trust Co.'s derivatives exchange,

Gemini Trust Co.'s derivatives exchange, which was launched just last month, is currently under scrutiny by the Philippines' Securities and Exchange Commission (SEC) for allegedly operating without proper authorization .

The SEC has issued a warning to investors in the Philippines, stating that the exchange is running without regulatory approval in the country. The charges made by the SEC officials suggest that Gemini has been offering and marketing securities via its Philippines derivatives exchange without registering properly.

This situation emphasizes the importance of regulatory compliance in the crypto industry, particularly as governments around the world are increasing their oversight of these emerging markets. It's crucial for crypto platforms like Gemini to ensure they are operating in accordance with all relevant regulations in the jurisdictions where they do business.