History of Enforcement in the Philippines 📜

[cryptohog]

This isn’t the first crackdown. In December 2023, the Philippines gave Binance 90 days to comply with local rules before enforcing a ban. By March 2024, ISPs blocked Binance, and app stores removed the exchange. The SEC has since identified other unlicensed platforms, including OKX, Bybit, and KuCoin. Users must navigate stricter rules to access crypto services, with the government emphasizing compliance over convenience.

[encrypted]

Guess licensing finally matters when ISPs start pulling the plug