Regulators in the Philippines are taking steps to block local traders’ access to Binance. The Philippine Securities and Exchange Commission (SEC) said in a statement on Monday that it has moved to block access to the world’s largest cryptocurrency exchange by daily trading volume because the platform does not have the regulatory license required to operate in its jurisdiction. The agency asked the National Telecommunications Commission (NTC) two weeks ago to help block Binance-related pages. “The group has been actively conducting promotional activities on social media to attract Filipinos to participate in investment and trading activities on its platform,” the agency said in a statement, but Binance “has not obtained a license from [the regulator] to publicly solicit investments. , nor is it licensed to create or operate an exchange for the purchase and sale of securities." (The Block) #zachxbt
