Di baleng naunang mahalving ang value ng portfolio, basta may Staked BNB for Launchpool 😂😂😂😂😂😂😂😂
#Char
#BinanceBan
#PhilippineSEC

🇵🇭 The Philippine Securities and Exchange Commission (SEC) issues a warning, stating that individuals acting as brokers, dealers, salespersons, representatives, or influencers for Binance, an unregistered and unlicensed exchange, and promoting its use to Filipino users may face fines and imprisonment. They emphasize that Binance is not authorized to offer securities to Filipino citizens and conducting promotional campaigns targeting Filipinos is illegal and a violation of securities laws. 🚫⚖️ #PhilippineSEC #binanceus #Cryptoregulations

The securities regulator of the Philippines plans to introduce a regulatory framework for cryptocurrency assets and trading by late 2024 to protect investor interests and strengthen oversight on unregistered platforms, according to SEC Chair Emilio Aquino.

#sec #CryptoWatchMay2024 #PhilippinesRegulation #PhilippineSEC

The Securities and Exchange Commission (SEC) of the Philippines has taken action to issue an advisory vs Binance, citing the cryptocurrency exchange’s failure to comply with local regulations. SEC went another step to announce that it is considering to have the exchanged banned in the local internet space.

Will Binance really be banned in the Philippines? Will the deadline be extended?

🔘 The crypto community is expecting the ban sometime around “February 29, 2024” which is three months after the SEC issued the advisory.

🔘 The SEC also said the deadline may be extended, depending on feedback.

Comment your thoughts ‼️

#philippines #Write2Earn #PhilippineSEC

##PhilippineSEC #Philippines #PhilippinesCrypto
BINANCE ABOUT TO BE BLOCKED THIS MONTH IN THE PHILIPPINES?

Philippines SEC begins Binance ban countdown

The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they are banned from the country.

According to a report from local news BitPinas, Lee said there has been a lot of confusion on the internet about the ban after regulators issued an advisory to the cryptocurrency exchange for operating without a license on Nov. 28.

“Depending on how feedback is, we can actually extend that, but currently, we should feel lucky with the three months.”

In addition to Binance, Lee said that OctaFX and MiTrade, two other exchanges recently issued with advisories for unregistered operations, also face bans after three months.

The report said Lee received criticism regarding the Binance ban because it is “cheaper” than other registered exchanges.

He cautioned local investors to “invest in registered entities,” saying there are currently 17 virtual asset service providers registered in the country that offer fiat-to-crypto services.