Philippine regulators threaten to block Binance for operating without a license, raising concerns among the crypto community and testing the exchange's compliance under new leadership amidst global regulatory challenges.
AlexThe head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they are banned from the country.
ZoeyThe Philippine SEC announced that Binance has been actively promoting itself on various social media platforms to attract Filipinos for investment and trading activities.
OliveThe Philippine SEC's warning reflects a broader regulatory crackdown on Binance, aligning with global efforts to tighten oversight. Binance's legal woes, including the US settlement, have prompted operational changes and heightened regulatory awareness. The exchange's resilience and adaptability will be pivotal in navigating challenges and consolidating its global cryptocurrency market position.
BerniceThe RESTRICT Act could theoretically be abused to ban Americans from using Bitcoin, according to experts.
cryptopotatoAuthorities in Uzbekistan are now clamping down on online crypto trading platforms that operate outside the nation and are not ...
BitcoinistBinance’s head of Asia-Pacific Leon Foong said that they are not distracted by the efforts of so-called lobbying bodies to ban Binance.
CointelegraphBinance is again in the spotlight after it caught the attention of regulators - this time, from the Philippines’ Securities ...
BitcoinistA think tank in the Philippines doesn’t give up on efforts to ban Binance, now claiming that the crypto exchange has been operating illegally in the country.
CointelegraphThe exchange platform is looking to get virtual assets service provider and e-money issuer licenses from the Banko Sentral ng Pilipinas.
Cointelegraph