Philippines SEC bans Binance, sparking worry among Filipino crypto investors
The Philippines SEC's ban on Binance raises concerns among investors, highlighting compliance issues and the SEC's commitment to protecting investors.

The Philippines SEC's ban on Binance raises concerns among investors, highlighting compliance issues and the SEC's commitment to protecting investors.
The Philippines’ financial regulator will block local users from accessing Binance, the world’s largest cryptocurrency exchange, citing concerns over the company’s unlicensed operations in the country.
The 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.
The Philippine SEC announced that Binance has been actively promoting itself on various social media platforms to attract Filipinos for investment and trading activities.
Binance 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."
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