Binance Subsidiary Granted License in Southeast Asia | Weekly News Recap
In today’s news feature, the Binance subsidiary in Indonesia has received a crypto license!
In today’s news feature, the Binance subsidiary in Indonesia has received a crypto license!
In today’s daily news recap, the PH SEC updates everyone on the status of the Binance app ban request to Google and Apple.
By aggregating the daily positions of each platform and calculating the average rank over 30 days, Sensor Tower reported the comparative performance of each exchange.
Unregistered firms, including crypto exchanges, operating in the country are hard to pursue when fraud happens, said SEC Chairperson Aquino.
Zhao’s legal troubles originated from his failure to enforce strict anti-money laundering measures during his tenure as CEO of Binance.
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.
Atty. Rafael Padilla, joined by regular BitPinas collaborators Aldrin Rabino, Eli Rabadon, and Henryย Banayat will discuss the impending ban on Binance,
SEC said it gave ample time for Binance users in the Philippines to take out their money in the international exchange.