SEC Asks NTC to Block Binance in Philippines

[Agbe]

SEC to ban Binance app

https://www.philstar.com/business/2024/04/09/2346254/sec-ban-binance-app
Philippines SEC e don dey plan to ban di Binance app in the country. Dey told di National Telecommunications Commission (NTC), to remove all di website dey connected to Binance and why are they planning to Block Binance from the country is that dem say Binance been dey operate in different country illegal without license. I think Nigeria also accused them of this kind of allegations before dis whole drama came up. Sometimes when I look at this cases, Binance dey do dem sef. How can they faced the same charges in different countries. And that means it shows that they are not obeying di law of the land prefer to operate illegal way.

[enwi]

SEC to ban Binance app

https://www.philstar.com/business/2024/04/09/2346254/sec-ban-binance-app
Philippines SEC e don dey plan to ban di Binance app in the country. Dey told di National Telecommunications Commission (NTC), to remove all di website dey connected to Binance and why are they planning to Block Binance from the country is that dem say Binance been dey operate in different country illegal without license. I think Nigeria also accused them of this kind of allegations before dis whole drama came up. Sometimes when I look at this cases, Binance dey do dem sef. How can they faced the same charges in different countries. And that means it shows that they are not obeying di law of the land prefer to operate illegal way.

When we discuss permits to set up an exchange site, Binance must prepare a large amount of money to obtain a trading permit in a country. A government in a certain country might use Binance to get quite a large amount of money, therefore if Binance spends money it is very careful and it is not easy to use the assets owned by Binance.