According to the authority, Binance is in violation of the Securities Regulation Code.
The SEC requested NTC to block access to Binance’s website and trading platforms.
In an effort to limit access to the crypto exchange inside the Philippines, the Securities and Exchange Commission (SEC) instituted regulations. This action is taken in reaction to the concerns raised over Binance’s potential unlawful actions inside the jurisdiction.
Moreover, in a 25 March announcement, the SEC mentioned its request to the National Telecommunications Commission (NTC) to block access to Binance’s website and trading platforms in the Philippines.
Significant Crack Down
Furthermore, Chairperson of the SEC, Emilio B. Aquino, said that the measure was necessary to safeguard Filipino investors, who face the risk of losing their money if the platform remains online.
The SEC has also levied charges against Binance for offering unlicensed financial products such crypto savings services and
We współpracy z: https://thenewscrypto.com/philippines-sec-restricts-binance-over-unlicensed-operations/
