Philippines SEC Issues Warning to Cryptocurrency Giant Binance for Unlicensed Operations  

Jeroen Van Woude

Regulations 2 months ago
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In a significant development in the cryptocurrency world, the Philippines Securities and Exchange Commission (SEC) has issued a strong cautionary note against Binance, a leading global cryptocurrency exchange. The SEC's announcement on November 28, 2023, highlights concerns over Binance's lack of necessary licenses or approvals to operate within the Philippines, potentially raising legal implications for its users.
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