Overview

• The Philippines Securities and Exchange Commission (SEC) has requested the National Telecommunications Commission (NTC) to block Binance's website and related pages.
• Binance, the world's largest cryptocurrency exchange by daily trading volume, is accused of operating without a proper SEC license in the Philippines.
• The SEC's decision is part of a broader effort to regulate cryptocurrency exchanges and protect investors from unlicensed operations.
• Other countries, including India, China, and Canada, have also taken steps to block or restrict Binance's operations within their borders.
• The SEC had previously warned Binance users about the potential consequences of using the exchange, including the blocking of its online presence in the Philippines.