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. Binance has been established as the largest cryptocurrency trading platform in the world. 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. Previously, Binance has stated its commitment to working in harmony with local regulatory bodies, taking measures to address concerns raised by the SEC. If there's any further news about this, we'll be sure to let readers know of the status of Binance in the Philippines. Read more in our articles including "SEC restriction of local Binance operations now official" and "GCash and Axie partner up for accessible crypto payment methods".
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Feb 9, 2022The 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.
Binance has been established as the largest cryptocurrency trading platform in the world. 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.
Our coverage of Binance includes: "SEC restriction of local Binance operations now official"; "GCash and Axie partner up for accessible crypto payment methods"; "Binance withdraws from Canada due to strict crypto regulations". Each article provides unique insights and information.