[Update] Binance Comments on SEC Advisory

Update: Binance says that under its new leadership, it will take steps to address the SEC’s concerns.

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EDIT: Nov. 29 at 4:36pm: The Binance spokesperson asks to retract its previous comment about ceasing marketing efforts in the PH as it moves to find out more information.

November 29 at 4:54 pm: Binance issues the following statement:

We acknowledge and respect the statement made by the Securities and Exchange Commission (SEC) of the Philippines. At Binance, we are committed to aligning with applicable local regulations. Under our new leadership, we have taken proactive steps to address the SEC’s concerns.

Binance spokesperson

The Latest News:

Binance most recently elected a new CEO – Richard Teng, after its founder Changpeng Zhao stepped down amid an investigation in the United States.

This is a developing story.

This article is published on BitPinas: Binance Comments on SEC Advisory


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