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 ‼️

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