Philippines SEC Moves to Block Access to Binance
The Securities and Exchange Commission (SEC) of the Philippines has begun restricting access to Binance, the world's largest cryptocurrency exchange, because it lacks registration and licenses. Binance CEO Changpeng Zhao resigned after pleading guilty to violating U.S. anti-money laundering laws. The block will be implemented within three months from 28 November. SEC also requested Google and Meta to ban Binance advertisements.
The Securities and Exchange Commission (SEC) of the Philippines has begun restricting access to Binance, the world's largest cryptocurrency exchange, because it lacks registration and licenses. Binance CEO Changpeng Zhao resigned after pleading guilty to violating U.S. anti-money laundering laws. The block will be implemented within three months from 28 November. SEC also requested Google and Meta to ban Binance advertisements.
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The Securities and Exchange Commission (SEC) of the Philippines has begun restricting access to Binance, the world's largest cryptocurrency exchange, because it lacks registration and licenses. Binance CEO Changpeng Zhao resigned after pleading guilty to violating U.S. anti-money laundering laws. The block will be implemented within three months from 28 November. SEC also requested Google and Meta to ban Binance advertisements.
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