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SEC to ban Binance app
The Philippine Star
|April 09, 2024
The Securities and Exchange Commission (SEC) is working to ban the Binance app following recent efforts to block its website and other web pages in the country.
The request that the SEC has made so far is with the National Telecommunications Commission (NTC), to block all websites and links used by Binance in the country," the SEC said in response to an inquiry by The STAR.
"The SEC is still working on blocking the app as well. We'll provide updates when the SEC has coordinated with other agencies for that procedure," it said.
The SEC en banc in its March 12 meeting approved the filing of a formal request with the NTC for assistance in blocking the website and other web pages used by Binance.
In line with the SEC's request, the NTC ordered all internet service providers to block access to the website of Binance as the government pursues a crackdown against the crypto trader.
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