The Philippine SEC announced that Binance has been actively promoting itself on various social media platforms to attract Filipinos for investment and trading activities.
OliveBinance has been given three months by the SEC "to give Filipino investors who have holdings in Binance to close their positions and take out their investments."
BrianThe Philippine SEC's warning reflects a broader regulatory crackdown on Binance, aligning with global efforts to tighten oversight. Binance's legal woes, including the US settlement, have prompted operational changes and heightened regulatory awareness. The exchange's resilience and adaptability will be pivotal in navigating challenges and consolidating its global cryptocurrency market position.
BerniceThe Philippines' Securities and Exchange Commission (SEC) has initiated steps to restrict access to Binance, the world's largest crypto exchange. This move follows the resignation and guilty plea of Binance's former chief for violating U.S. anti-money laundering laws.
JoyAs part of this, the Philippines SEC will be trained to investigate and prevent securities-related crime, including crypto scams.
ClementThe Banko Sentral ng Pilipinas said that the closing of VASP applications begins on Sept. 1, 2022, and will last for three years.
CointelegraphBinance’s head of Asia-Pacific Leon Foong said that they are not distracted by the efforts of so-called lobbying bodies to ban Binance.
CointelegraphBinance is again in the spotlight after it caught the attention of regulators - this time, from the Philippines’ Securities ...
BitcoinistInfrawatch PH Convenor Terry Ridon said that the SEC’s response clarifies the government’s position on crypto platform operations.
CointelegraphA think tank in the Philippines doesn’t give up on efforts to ban Binance, now claiming that the crypto exchange has been operating illegally in the country.
Cointelegraph