Philippines Takes a Stand: Binance Blocked for Investor Safety The
Philippine SEC has made a bold move, announcing the
blocking of Binance in the country. Why? Well, it seems that this crypto giant was
operating without a license, putting
Filipino investors' funds at risk.
In a letter to the National Telecommunications Commission, SEC Chairperson Emilio B. Aquino didn't mince words. He stated that the public's access to Binance's platforms was a clear and present danger to their financial security.
It's not just about websites either. Binance's app is available for download on both Google Play and the Apple App Store, making it even more accessible to potential investors.
This isn't a sudden decision either. The SEC has been keeping an eye on Binance since November 2023, warning the public against getting involved with the platform.
The message is clear: when it comes to investor protection, the Philippines means business.
