Will Binance be Banned Today?
The SEC response was short and simple but too compact, you need to read between the lines
The SEC response was short and simple but too compact, you need to read between the lines
As the Philippines strives to resolve its AML/CFT deficiencies, the cryptocurrency sector must brace for possible impacts.
The following paper is a contributed article by Atty. Rafael Padilla, author of Fintech, First Laws and Principles, about the Binance situation in the Philippines.
For us mere mortals, this difference in redemption commitment is not a big deal, but it matters a lot in the open market, where billions of dollars can be exchanged in a single day.
We need to implement a series of effective measures to mitigate crypto security risks. First and foremost, crypto exchanges must bolster their own defense.
We proposed for new sections on the SEC Regulatory Sandbox Framework on Petition for Rulemaking and Token Safe Harbor exemption.
Atty. Rafael Padilla comments on news about the PSE launching futures trading in the near future.
The crypto industry is already under scrutiny from various regulatory bodies, and incidents like these only serve to tighten the noose.
A stablecoin is a token in a blockchain whose value closely tracks the value of a well-trusted currency (money), like US dollars.
Atty. Rafael Padilla discussed in-depth the results of the US SEC vs Ripple decision. A recommended read for everyone following the case.