The Philippines’ Securities and Exchange Commission will block crypto trading platform Binance from being accessed in the country, warning the public against unregistered investment products.
Binance’s operator isn’t a registered corporation in the Philippines and the world’s largest crypto trading platform is not authorized to sell securities in the country, SEC said in a Nov. 28 advisory released by the regulator on Wednesday.
Access to Binance will be blocked three months after the advisory “to give Filipino investors who have holdings in Binance to close their positions and take out their investments,” the regulator said.
The SEC said it has ...
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