Philippines SEC to restrict Binance

The Philippine SEC announces plans to block Binance access, cautioning against unregistered investments and warning of legal repercussions for promoters.

Inmerion The Philippine Securities and Exchange Commission (PSEC) has initiated measures to restrict the accessibility of the Binance trading platform within the nation. According to the regulators, the exchange lacks official registration as a corporation in the Philippines. Consequently, it’s not legally permitted to offer securities trading services in the country.