The Securities and Exchange Commission (SEC) has officially ruled to restrict the operations of Binance in the Philippines. In the press statement below, the SEC noted that they have filed for a request with the National Telecommunications Commission (NTC) to block Binance’s website. This is inclusive of all their web pages, with the request being on the grounds of the cryptocurrency giant operating without the necessary license from the SEC. Binance has been established as the largest cryptocurrency trading platform in the world. The company is an entity that boasts an average daily trading volume of USD 65 billion, while also supporting over 400 different cryptocurrencies. Their user base is also extensive, with Binance’s website claiming to have over 183 million registered users worldwide. The SEC also gave ample time for netizens to withdraw their investments from Binance last year. However, the commission also noted that individuals aiding Binance operations could face criminal charges. Read more in our articles including "SEC restriction of local Binance operations now official" and "BIR opens Tax Payer Portal".
The Securities and Exchange Commission (SEC) has officially ruled to restrict the operations of Binance…
Mar 26, 2024
The Bureau of Internal Revenue (BIR) released a new memorandum announcing the availability of the…
May 26, 2026
Earlier this week, the Deepartment of Trade and Industry has released a proposal to require…
May 23, 2026
Bank of the Philippine Islands (BPI) has partnered with Robinsons Retail Holdings, Inc. (RRHI) to…
May 8, 2026
Shopee has launched the official Beats Flagship Store in the Philippines, expanding access to the…
Apr 29, 2026
Lenovo has announced a global partnership with David Beckham. The collaboration focuses on the use…
Apr 2, 2026The Securities and Exchange Commission (SEC) has officially ruled to restrict the operations of Binance in the Philippines. In the press statement below, the SEC noted that they have filed for a request with the National Telecommunications Commission (NTC) to block Binance’s website.
This is inclusive of all their web pages, with the request being on the grounds of the cryptocurrency giant operating without the necessary license from the SEC. Binance has been established as the largest cryptocurrency trading platform in the world. The company is an entity that boasts an average daily trading volume of USD 65 billion, while also supporting over 400 different cryptocurrencies.
Our coverage of binance in the ph includes: "SEC restriction of local Binance operations now official"; "BIR opens Tax Payer Portal"; "DTI retracts plan to require permit when running online ads and promos". Each article provides unique insights and information.