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BitDegree 2024-03-25 13:49:53

Philippine SEC Orders Telecoms to Block Binance

Key Takeaways The Philippines SEC has taken action to block Binance due to the exchange's lack of necessary licensing for operation within the country. The move follows concerns over the safety of Filipino investors' funds and the exchange's unauthorized promotional activities. This regulatory action highlights the increasing global scrutiny and demand for compliance in the cryptocurrency exchange sector.

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