A proposal to ban global cryptocurrency exchange Binance from operating in the Philippines will not gather steam due to a lack of regulations towards cryptocurrencies in the country.
The Philippines’ Department of Trade and Industry has cited no clear guidelines set out by the country’s central bank, Banko Sentral ng Pilipinas , as a dead-stop after a lobbying groupLocal think tank Infrawatch PH had asked the DTI to investigate Binance for the promotion of its services and offerings, which the group believes was done without the necessary permits., telling Cointelegraph that it intends to secure virtual asset service provider and e-money issuer licenses in the Philippines.
binance gazza_jenks You can't simply ban Binance from operating locally. You need to turn off the internet if you want to. 😁😋
binance gazza_jenks Filipinos are for crypto 💯😂
binance gazza_jenks We are enjoying crypto in here without a bump, no tax, no nothing, no one cares about crypto really, at least not yet, we're always late lol