After blocking Binance, The Philippine SEC is now restricting eToro., which is an online trading platform from selling or offering securities.
The Philippine Securities and Exchange Commission (SEC) has warned the public, about eToro stating that the platform is not permitted to offer or sell securities in the country. This cautionary notice was issued in March and publicly disclosed on April 4th.
Story Began Last Year After Philippines SEC Blocked Binance
In November 2023, the SEC warned Binance, the cryptocurrency exchange, emphasizing that it lacked authorization to market or provide securities to the public.
Additionally in March, the National Telecommunications Commission (NTC) of the Philippines took action. It was to block cryptocurrency business websites due to the absence of licenses.
SEC Chairperson Emilio B. Aquino said at the time that “the SEC has found the aforementioned platform and concluded that the public’s ongoing access to these websites/apps pose
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