UPDATED NEWS: CZ said Binance plans to obtain a crypto exchange license in the Philippines.
Original article follows:
Changpeng Zhao, the CEO of Binance, is in the Philippines to discuss the cryptocurrency exchange’s expansion in the country.
CZ, during the media briefing, said the Philippines is a very important market for Binance, which is currently the leading blockchain and cryptocurrency provider globally.
BitPinas earlier reported that Binance may be looking to acquire a virtual asset services provider license in the Philippines. It currently does not have one as per the BSP. (Read More: List of Licensed Virtual Currency Exchanges in the Philippines)
In an earlier report, Binance continued its dominance over other cryptocurrency exchanges globally. 52% of the total volume for March all went to Binance.
This is a developing story.
This article is published on BitPinas: Binance CEO Changpeng Zhao in the Philippines to Discuss Company Expansion