#eToro Philippines

Financial app eToro will no longer be offering their services in the Philippines. If any users miss the deadline, moving crypto positions to the eToro wallet will not be available. Until then, users are urged to transfer coins from their eToro wallets to an external wallet. While eToro has been tight-lipped towards this move, an advisory from the Securities and Exchange Commission (SEC) might shed some light. TL,DR: the platform isn’t authorized to sell or offer securities in the Philippines. The rollout is part of ongoing efforts to modernize public transportation and encourage the use of digital payments in the Philippines. With this change, UnionBank joins other commercial banks in the Philippines that have also removed fees for real-time digital fund transfers. More banks in the Philippines have been removing InstaPay transfer fees as digital banking services continue to become more competitive. Read more in our articles including "eToro ending services in the Philippines" and "Samsung announces Galaxy Card".