📢#Philippines SEC urged to drop investment in crypto project Lele Gold Coin

The Philippine Securities and Exchange Commission (SEC) has warned #investors against investing in the Lele Gold Coin cryptocurrency project, which offers unregistered securities.

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🔶🥳 Join the excitement of Riddle Day 1 with #BinanceFilipino! Solve challenging riddles and be part of this thrilling event. Join the official Telegram group to participate and answer the riddles. Don't miss out! #cryptocurrency #Blockchains

🔗 Riddle Day 1 is now live at: https://t.me/BinanceFilipino

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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.

Philippines' SEC to Restrict Access to the World's Largest Crypto Exchange, Binance.

#WebGTR #Philippines #cryptoexchange #BinanceTournament #BTC

💰💻 The Philippine Treasury issues 15 billion pesos ($270 million) of one-year tokenized government bonds to institutional investors with a 6.5% annual interest rate. Total bids exceed three times the initial size, reaching 31.42 billion pesos. This move is seen as an opportunity to expand the application of distributed ledger technology (DLT) in the government bond market. 🇵🇭📈 #Philippines #Bonds #BlockchainTechnology

#nCahin and Ateneo De Manila University have signed an MOU to promote and advance blockchain education and establish a framework for the future of the 🇵🇭 #Philippines

#blockchain #Web3 #BTC

Crypto Tax Collected in India, Indonesia and Philippines (December 2022)

🇮🇳 India: ₹10.2 billion ($123 Million)
🇵🇭 Philippines: ₱4.5 billion ($80 Million)
🇮🇩 Indonesia: Idr 246 Billion ($17 Million)

#CryptoTax #India #Philippines #Indonesia

The Philippines plans to develop a central bank digital currency (CBDC) within two years, not based on blockchain tech, primarily serving the wholesale market.

#cbdc #Philippines #blockchain

🚨 Breaking News: Philippines Considers Binance Block 🚫🇵🇭

🔒 In a significant development, reports suggest that the Philippines is contemplating blocking access to Binance, one of the world's leading cryptocurrency exchanges. 🤔💻

🌐 What You Need to Know:

📰 According to sources, regulatory concerns prompt the potential block.
🤝 Binance, a major player in the crypto space, faces increased scrutiny globally.🇵🇭 The Philippines evaluates measures to ensure regulatory compliance.

🔗 Impact on Crypto Enthusiasts:

🚫 If implemented, the block could restrict access for Filipino users.
🔄 Users might need to explore alternative platforms for their crypto activities.

🌊 Waves in the Crypto Sea:

💬 The move aligns with global efforts to regulate the crypto industry.
📉 Market reactions and community discussions are underway.

🔍 Stay Informed:

📡 Monitor official statements from Philippine authorities.🌐 Stay tuned for updates on this evolving situation.

Regulatory landscapes shift, and the crypto world adapts. The potential block of Binance in the Philippines sparks discussions on the intersection of regulation and decentralized finance. Stay informed as the story unfolds. 📈🔄 #Philippines #Binance #Crypto
$BNB $BTC

The Sandbox is launching the "Usbong Hiraya" game jam, a global platform for Filipino game developers to showcase their talents and ingenuity in the metaverse, celebrating the nation's rich cultural heritage and vibrant spirit through virtual reality and immersive experiences.

#Sandbox #gaming #metaverse #Philippines

🇵🇭 Philippines SEC orders Apple & Google to remove Binance from their app stores.

#Philippines #SEC #Apple #Google #Binance

🔔 Breaking News! 🔔
The Philippine Securities and Exchange Commission (SEC) has imposed a ban on Binance, resulting in increased trading fees and limited token options for local traders. While the ban aims to safeguard traders from potential risks, it has redirected business to local exchanges, positively impacting the economy. However, traders now encounter higher fees and a reduced token selection. What's your take on this development? Share your thoughts below! 📈💰 #crypto #blockchain #Binance #Philippines

The Philippines' Social Security System (SSS) has partnered with Tether, the world's largest stablecoin issuer, and Web3 firm Uquid to enable citizens to pay their SSS contributions using Tether (USDT) on The Open Network blockchain.

This move is expected to simplify and streamline the payment process for millions of Filipinos, showcasing the growing acceptance and integration of cryptocurrencies into mainstream financial systems.

The partnership also highlights the increasing demand for stablecoins like USDT, known for their price stability, as a viable alternative for everyday transactions and financial services.

This development marks a significant step towards greater adoption of digital currencies in the Philippines and demonstrates the potential of blockchain technology to improve financial inclusion and accessibility.

#Toncoin #TON #USDT #Philippines #tether

Oh wow, I didn't know we can have a profile on Binance now. Hahaha. Cool. I will be using this to create some content ASAP! 😀

I wanna join that Crypto is Better Binance competition. 😁

#writing #Philippines #Newbies

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Binance Philippines Users Rush To Liquidate Holdings At Higher Discounts

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Binance users in the Philippines rush to sell assets at discounts amid regulatory ban uncertainty, reflecting market turmoil.

#Bitcoin #Altcoin #Binance #BNB #Philippines $BTC $BNB

The #Philippines Securities and Exchange Commission (SEC) is set to unveil cryptocurrency guidelines in the latter half of 2024, aiming to regulate crypto assets and trading activities within the country. This move reflects the SEC's commitment to safeguarding investor interests and strengthening oversight over unregistered platforms. Recent actions against Binance, including the removal of associated apps from app stores, underscore the regulator's efforts to combat illegal crypto activity. Despite challenges posed by users accessing unregistered platforms via VPNs, the #SEC remains proactive in enforcing regulatory compliance. Insights from past incidents, such as the collapse of #FTX , inform the SEC's approach to cryptocurrency regulation in the Philippines. #cryptoniteuae

🚀 Exciting Update: The Philippines SEC has made a bold move targeting Binance, teaming up with the NTC to temporarily restrict access to the exchange's website and trading services. But fear not! Investors have a generous three-month window to manage their positions. 📆

🌐 What are your thoughts on this development? Is it a necessary safeguard for Filipino investors or just another regulatory hurdle for Binance to overcome? Share your insights below! 👇

P.S. Did you catch the recent legal saga involving Binance and its former CEO CZ? They were fined a staggering amount in a US court, marking a significant chapter in the crypto world. Stay informed! 🔍 #CryptoNews #Binance #Philippines #SEC #Regulation #InvestmentOpportunity