Is Binance facing trouble? A local think tank sent a letter to the Philippines' Department of Trade and Industry urging the agency to launch an investigation against the crypto exchange for promotions without permits. (Reporting via ezrareguerra)
Local think tank Infrawatch PH has sent a letter to the Philippines' Department of Trade and Industry , urging the government agency to launch an investigation against crypto exchange Binance for promotions without permits.that the crypto exchange has been targeting Filipino consumers with unregistered promotions that are being posted casually on social media platforms.
"In the Philippines, Binance is looking to secure the VASP and EMI licenses. We are continuously engaging in discussions with regulators and stakeholders within the country. Our goal is to contribute to the Philippines' increasingly vibrant Web3 and blockchain ecosystem."
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