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 "OnePlus exits US, Europe markets; PH operations to continue".
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Apr 29, 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"; "OnePlus exits US, Europe markets; PH operations to continue"; "BIR opens Tax Payer Portal". Each article provides unique insights and information.