A special notice issued by the local Securities and Exchange Commission states that Binance is not registered as a company in the Philippines and does not possess the necessary licenses to operate.
Binance has recently announced that it will end its support for BUSD on December 15, due to a request from the stablecoin’s issuer Paxos.
According to Kennedy, CBDCs will only serve to give governments more control over their citizens, while Bitcoin allows for financial freedom and protects basic rights to privacy and independence.
Interactive Brokers, one of the largest brokerage firms globally, has launched crypto trading for retail consumers in Hong Kong.
The SEC has released an update on its evaluation of the proposed Franklin Templeton and Hashdex spot BTC exchange-traded fund (ETF) applications.