ETH Whales on Rampage: BitMine Snags 138K ETH as $3,000 Holds Firm – Bulls Gear Up for $4,000 Moonshot 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Gold Prices Rise as Markets Await Trump’s Policy Announcements 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Bitcoin Hits $100K Milestone Amid Optimism Over Trump Policies 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Binance has been blocked in the Philippines after the country’s Securities and Exchange Commission discovered it operates without a license. The regulator also said the crypto exchange has been promoting or trading without registration.
The Philippines SEC said that all organizations involved in Binance’s unregistered operations may get a 21-year prison sentence on top of the $90,000 in fines. The securities regulator reiterated that the Changpeng “CZ” Zhao-founded cryptocurrency exchange has no approval or proper license to carry out its business in the country.
SEC Informs Public About Unauthorized Binance Services
According to CoinTelegraph, the local SEC issued a warning to the public so they can avoid or discontinue using Binance’s services. The regulator informed the locals that the crypto firm is not authorized to sell or offer securities in the region.
The announcement also serves as a warning to Binance and makes it clear to the company that it is required to apply for registration before it can operate. The SEC emphasized that it must also supply detailed information about the securities it offers before selling them. It must include the class of securities, issuance price, and other pertinent details.
The Philippines’ Securities Regulation Code (SRC) added that Binance must also obtain a secondary license for selling securities to the public. “Based on the Commission’s database, the operator of the platform Binance is not registered as a corporation in the Philippines and operates without the necessary license and authority to sell or offer any form of securities as defined under Section 3.1 of the SRC,” the regulator said in its announcement.
Imminent Removal of Access
BSC News reported that the SEC indicated that it will cut access to Binance in the Philippines, and the removal is to be carried out within three months from the issuance of the advisory. The commission said the grace period was implemented to give users in the country enough time to withdraw their investments from Binance.
Photo by: Kanchanara/Unsplash
