Philippine SEC bans Binance

Binance site can no longer be accessed in the country. They want the Filipinos to trade in licensed local exchange that charges more than 10% in trading fee. Yet they call that protection? That's an outright theft of property.

10% is a lot for any trader. That means you have to earn at least 30% in a trade before you can actually sell. That's hard. What if you're selling at a loss? The high trading fee is like rubbing salt to an open wound. These exchange are stealing people's money and the government supports it. The irony 🙄

My thoughts, instead of going after the good exchanges, they should've banned nonsense sites like youporn and other sites that go against morality🙄.

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