Philippine SEC Seeks to Block Access to Binance in the Country

Philippine Securities and Exchange Commission says it’s working to block user access to cryptocurrency exchange Binance, adding the company isn’t authorized to publicly offer securities in the country.

• Binance’s operator isn’t registered as a corporation in the Philippines and operates without the necessary license to sell or offer any form of securities, SEC says in a statement
• SEC to seek assistance from the National Telecommunication Commission and the Department of Information and Communications Technology to block access to Binance in the Philippines
  • “This will prohibit users from accessing the website and its applications while inside the country,” regulator says ...