Binance, the world’s largest cryptocurrency exchange by trading volume, is facing a ban in the Philippines after the country’s financial regulator flagged concerns regarding the firm’s unlicensed operations.
In November, the Philippines Securities and Exchange Commission warned Binance that it was operating in the country without obtaining the necessary licenses.
Binance Facing Philippines Ban
The Philippines Securities and Exchange Commission announced the decision in a notice published on Monday. According to the notice, the country’s regulator stated that it received the assistance of the National Telecommunication Commission (NTC) to block local access to the Binance website and online trading platform. The SEC’s Chairperson, Emilio B. Aquino, stated in the letter request,
“The SEC has identified the aforementioned platform and concluded that the public’s continued access to these websites/apps poses a threat to the security of the funds of invest
We współpracy z: https://cryptodaily.co.uk/2024/03/binance-facing-ban-in-philippines-after-watchdog-flags-operations
