[After Long Silence] Binance Assures PH Users Following SEC Demand; Google, Apple Urged to Hear All Sides
Binance also stressed that the situation is just temporary.
Binance also stressed that the situation is just temporary.
The SEC moves with its intention to ban the Binance app in the Philippines by sending requests to Google and Apple to remove the app in their respective app stores.
SEC also said they intend to shut down the Binance app that is still accessible despite the ban.
XM and eToro, according to the SEC, are engaging in promotional activities in the Philippines, enticing users to invest.
Before his untimely passing, Commissioner Guevara had begun his role with plans to bolster the regulatory landscape of the Philippines’ capital market.
DOF and SEC to develop stringent guidelines for regulating cryptocurrency registration and trading in the Philippines, prioritizing caution and viability amidst prevalent scams.
Check out the recent advisories from the Securities and Exchange Commission of the Philippines.
SEC said it gave ample time for Binance users in the Philippines to take out their money in the international exchange.
This is not an isolated cancellation incident in the BSP’s oversight activities.
BSP plans to issue wholesale CBDCs to commercial banks and financial institutions for various purposes such as settling interbank payments