Philippines: Announced SEC warning concerning Binance, informing the public that the exchange is not authorised to sell or offer securities in the country
Description
Announced SEC warning concerning Binance, informing the public that the exchange is not authorised to sell or offer securities in the country
On 28 November 2023, the Philippines Securities and Exchange Commission (SEC) issued a warning concerning Binance, informing the public that the exchange is not authorised to sell or offer securities in the country. Although Binance claims to be reg…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body