Philippines SEC bans Binance, sparking worry among Filipino crypto investors
The Philippines SEC's ban on Binance raises concerns among investors, highlighting compliance issues and the SEC's commitment to protecting investors.
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14/04 09:08
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More news about philippines block binance
- Miyuki
Philippines bans Binance exchange, takes effect in three months
The Philippines’ financial regulator will block local users from accessing Binance, the world’s largest cryptocurrency exchange, citing concerns over the company’s unlicensed operations in the country.
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Philippine regulators threaten to block Binance for operating without a license, raising concerns among the crypto community and testing the exchange's compliance under new leadership amidst global regulatory challenges.
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The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they are banned from the country.
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The Philippine SEC announced that Binance has been actively promoting itself on various social media platforms to attract Filipinos for investment and trading activities.
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The 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.
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Binance’s head of Asia-Pacific Leon Foong said that they are not distracted by the efforts of so-called lobbying bodies to ban Binance.
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Binance is again in the spotlight after it caught the attention of regulators - this time, from the Philippines’ Securities ...
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A 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.
CointelegraphCrypto exchange Binance seeks critical licenses in Philippines, CEO says
The exchange platform is looking to get virtual assets service provider and e-money issuer licenses from the Banko Sentral ng Pilipinas.
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