[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.
The Chairman of the SEC reveals the reason why Binance was not banned within three months, as was first mentioned November of last year.
In an email reply, an SEC spokesperson shares an update on the most important question of the crypto community.
The company, led by Michael Viola, offered subscription packages with high returns, prompting investigations and warnings from regulatory authorities.