💰inance back in the spotlight: its blockade in the Philippines🇵🇭 is predicted for June

💰inance back in the spotlight: its blockade in the Philippines🇵🇭 is predicted for June

The Philippines' Securities and Exchange Commission (SEC) declared that it received assistance from the National Telecommunications Commission (NTC) to block access both to Binance's website and its own trading platform.

➖ However, Binance persisted in providing trading services with margin and cryptocurrency savings accounts without obtaining the required licenses, thus contravening the Philippines' "Securities Regulation Code."

➖ In relation to this, the regulator concluded that open access to Binance's website and application poses a threat to the security of funds for Filipino investors.

➖ Somehow, citizens were given a couple of months to finalize their transactions on the cryptocurrency platform.

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