The Philippines’ financial regulatory body has announced plans to restrict access to Binance, the leading global cryptocurrency exchange, due to concerns regarding its unauthorized operations within the nation. This action is in response to the platform’s provision of investment services, such as leveraged trading and crypto savings accounts, without the necessary licenses, infringing on the Securities Regulation Code. In collaboration with the National Telecommunication Commission (NTC), the Securities and Exchange Commission (SEC) of the Philippines aims to block Binance’s website and online trading services. This decision was outlined in a document by the SEC dated March 25. SEC Chairperson Emilio
