Philippines SEC to ban Binance in 3 months
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.
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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 Solana Foundation has tweeted its disagreement with the SEC’s framing of SOL as a security. The regulator called Solana’s native coin a security in its lawsuit against Binance.
The regulation is expected to become active 20 days from the publication date.
In a significant move, Nigeria's market regulator has issued a directive to suspend the operations of Binance, the largest cryptocurrency exchange globally, within the country.
Crypto.com, the Singapore-based exchange, has announced that it will shut down its institutional exchange service for US customers due to limited demand.
Binance CEO has warned staff to consider other career options if they are unsatisfied.
In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges.
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