The Philippines’ SEC is taking steps to block local access to Binance, citing that the exchange operates without the necessary license.
The regulatory body has successfully obtained the green light from the National Telecommunications Commission (NTC) of the Philippines to prohibit access to Binance’s website and its associated services nationwide.
Emilio Aquino, the SEC Chairperson, communicated to the NTC that Binance poses a risk to the financial safety of Filipino investors. The SEC has accused Binance of illegally offering various services, including crypto savings accounts and…
