Posted 11/29/2023, 9:21:00 PM
Philippines Moves to Block Unlicensed Crypto Exchange Binance
- Philippines' Securities and Exchange Commission starting process to block access to Binance crypto exchange in the country
- Binance not registered as a corporation in Philippines, operating without necessary license
- Access removal to take effect within 3 months to give users time to pull out investments
- Asked Google and Meta to ban Binance ads in the country
- Follows Binance CEO Zhao stepping down and pleading guilty to violating US anti-money laundering laws