Regulate or Restrict? Salcedaโs Tax Plan vs. Infrawatchโs Push to Ban Unregulated Exchanges
Weigh in on what is the better policy for foreign crypto exchanges; ban them or tax them instead?
Weigh in on what is the better policy for foreign crypto exchanges; ban them or tax them instead?
Some members of the local crypto community calls for fair regulations amid calls by Infrawatch to ban popular unregistered exchanges.
We revisit this week’s big news: Infrawatch vs OKX and Bitget.
Both platforms allegedly allow peer-to-peer (P2P) crypto transactions, which Infrawatch PH claims violate Philippine financial laws.
Infrawatch PH’s calls to ban Binance and Coinbase in the Philippines have sparked mixed reactions in the local crypto community.
Infrawatch PH is asking the BSP to issue a warning similar to the one issued by the Securities and Exchange Commission (SEC) last year.
The think tank group is also requesting the BSP if they can review those who hold a VASP license that failed to operate in a given time.
[Breaking News] The SEC sent a response letter to Infrawatch, stating that Binance is not registered in the Philippines and cautions the public not to invest with the exchange.
For the third time, Infrawatch PH has requested the government to ban Binance in the Philippines. This time, with the SEC.