Tag: Philippine

Major exchange Binance appears unbothered by the stiff opposition it has received in its bid to expand to the Philippines. In a recent interview, the company’s Asia-Pacific executive Leon Foong expressed their eagerness to start operations in the region.  Binance Isn’t Focused on “Lobbying Bodies” Earlier this month, the Philippine Securities and Exchanges Commission (SEC) issued a warning about Binance to the public. The regulators advised residents against using the platform’s services. This came as a response to complaints from policy…

Philippine-based public think tank Infrawatch PH has asked the Department of Trade and Industry (DTI) to probe Binance over illegally promoting offers in the country. Infrawatch PH made this request through a letter, claiming that the exchange has been targeting Filipino users with unregistered offers. The letter, which the think tank’s Convenor, Terry Ridon, addressed to DTI Secretary Ramon Lopez, read: We would like to bring to your immediate attention the illegal sales promotion of Binance which presumably have been…

Popular Philippines-based payment platform, PayMaya recently announced a new crypto feature on its app. This feature would allow app users to trade digital assets with the app. PayMaya is using this feature to pave the way for newbies who want to enter the market.  Rolling out this feature will enable PayMaya to simplify crypto activities for Filipinos. As a result, Filipinos would be able to use cryptocurrencies without needing crypto exchanges. This way, they escape the KYC hurdles that come…