Philippines' SEC requests NTC to block Binance due to unlicensed crypto exchange operations.
The Philippines' Securities and Exchange Commission (SEC) has filed a formal request to the National Telecommunications Commission (NTC) to block the online presence of Binance in the country, due to the cryptocurrency exchange operating without a necessary license. Binance was found to have offered an investment and trading platform without the required SEC license, posing a threat to the security of Filipino investors' funds. The SEC approved the filing of a formal request with the NTC for assistance in blocking the website and other web pages used by Binance.
March 25, 2024
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