Last Tuesday (September 3), Philippine Chinese female mayor Alice Guo (Guo Huaping) was arrested in Tangerang City, Greater Jakarta, Indonesia, and was later extradited back to the Philippines to face trial on Friday.
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Cheng YuanThe Philippines SEC's ban on Binance raises concerns among investors, highlighting compliance issues and the SEC's commitment to protecting investors.
MiyukiThe 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.
ZoeyBinance has been given three months by the SEC "to give Filipino investors who have holdings in Binance to close their positions and take out their investments."
BrianThe 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 Philippine central bank sees the potential of crypto to improve domestic and cross-border payments, but the authority is still negative to crypto as a legal tender.
CointelegraphThe Banko Sentral ng Pilipinas said that the closing of VASP applications begins on Sept. 1, 2022, and will last for three years.
CointelegraphBinance’s head of Asia-Pacific Leon Foong said that they are not distracted by the efforts of so-called lobbying bodies to ban Binance.
CointelegraphA 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.
Cointelegraph