• Market Cap: $1,198,666,336,995.87
  • 24h Vol: $21,930,614,453.58
  • BTC Dominance: 44.10%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Binance ban off the cards, says Philippine trade and industry department

Jon Hartney by Jon Hartney
July 11, 2022
in Bitcoin, Blockchain, Business, Market
0
Binance ban off the cards, says Philippine trade and industry department
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The Philippine Department of Trade and Industry waved off a Binance ban proposal, citing a lack of regulatory stance on cryptocurrencies from the central bank.

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 (DTI) has cited no clear guidelines set out by the country’s central bank, Banko Sentral ng Pilipinas (BSP), as a dead-stop after a lobbying group called for the prohibition of Binance in early July.

Related articles

Cryptocurrency markets’ low volatility: A curse or an opportunity?

Cryptocurrency markets’ low volatility: A curse or an opportunity?

June 4, 2023
Three Reasons Behind Bitcoin’s 2023 Resurgence

Three Reasons Behind Bitcoin’s 2023 Resurgence

June 4, 2023

Local think tank Infrawatch PH had asked the DTI to investigate Binance for the promotion of its services and offerings, which the group believed to have been done without the necessary permits.

Binance had looked to acquiesce the parties involved, telling Cointelegraph that it intends to secure virtual asset service provider and e-money issuer licenses in the Philippines.

Related: Terra crash highlights stablecoin risk to financial stability: ECB

Nevertheless, DTI is unable to enforce any ruling against Binance from operating in the country according to their latest correspondence with Infrawatch PH. As reported by Forkast, the department cited a lack of legislation for virtual assets creating a gray area:

“Cryptocurrency and other forms of virtual assets are not consumer products, the Department of Trade and Industry has no jurisdiction to act on applications for sales and promotion permits to promote virtual assets per se in the absence of clear legislation on the matter.”

The DTI noted that the proposal would fall under the auspices of the country’s central bank, which has to date not released any official guidelines or regulations for the use or sale of cryptocurrencies in the Philippines. This would include any companies or service providers conducting sales or promotion activities linked to financial products.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Cryptocurrency markets’ low volatility: A curse or an opportunity?

Cryptocurrency markets’ low volatility: A curse or an opportunity?

by Jon Hartney
June 4, 2023
0

The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors

Three Reasons Behind Bitcoin’s 2023 Resurgence

Three Reasons Behind Bitcoin’s 2023 Resurgence

by Jon Hartney
June 4, 2023
0

After the naysayers left Bitcoin for dead in 2022, it’s back with a bang so far in 2023 Here’s

5 free ChatGPT and generative AI courses

5 free ChatGPT and generative AI courses

by Jon Hartney
June 4, 2023
0

Level up your skills in language models and automation with free ChatGPT and generative AI courses

Pro-XRP attorney’s phone hacked to promote LAW token

Pro-XRP attorney’s phone hacked to promote LAW token

by Jon Hartney
June 4, 2023
0

Lawyer John Deaton alerted followers via his daughter’s account, urging people to report the hack as the XRP

FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’

FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’

by Jon Hartney
June 4, 2023
0

The FTX debtors alleged that the claim was filed "without any advance notice," and they were not invited to participate

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Cryptocurrency markets’ low volatility: A curse or an opportunity?

Cryptocurrency markets’ low volatility: A curse or an opportunity?

June 4, 2023
Three Reasons Behind Bitcoin’s 2023 Resurgence

Three Reasons Behind Bitcoin’s 2023 Resurgence

June 4, 2023
5 free ChatGPT and generative AI courses

5 free ChatGPT and generative AI courses

June 4, 2023
Pro-XRP attorney’s phone hacked to promote LAW token

Pro-XRP attorney’s phone hacked to promote LAW token

June 4, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Cryptocurrency markets’ low volatility: A curse or an opportunity? June 4, 2023
  • Three Reasons Behind Bitcoin’s 2023 Resurgence June 4, 2023
  • 5 free ChatGPT and generative AI courses June 4, 2023
  • Pro-XRP attorney’s phone hacked to promote LAW token June 4, 2023
  • FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’ June 4, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$27,242.000.14%
  • ethereumEthereum(ETH)$1,905.900.19%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.05%
  • binancecoinBNB(BNB)$307.40-0.19%
  • usd-coinUSD Coin(USDC)$1.00-0.12%
  • rippleXRP(XRP)$0.531.77%
  • staked-etherLido Staked Ether(STETH)$1,905.810.41%
  • cardanoCardano(ADA)$0.3819821.33%
  • dogecoinDogecoin(DOGE)$0.0729120.14%
  • solanaSolana(SOL)$22.094.47%
  • matic-networkPolygon(MATIC)$0.90-0.51%
  • tronTRON(TRX)$0.081867-0.82%
  • litecoinLitecoin(LTC)$95.85-1.10%
  • polkadotPolkadot(DOT)$5.351.11%
  • binance-usdBinance USD(BUSD)$1.00-0.04%
  • shiba-inuShiba Inu(SHIB)$0.000009-0.41%
  • avalanche-2Avalanche(AVAX)$14.791.56%
  • daiDai(DAI)$1.000.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,258.000.15%
  • uniswapUniswap(UNI)$5.06-0.73%
  • leo-tokenLEO Token(LEO)$3.620.63%
  • chainlinkChainlink(LINK)$6.511.12%
  • cosmosCosmos Hub(ATOM)$10.801.40%
  • okbOKB(OKB)$45.91-0.55%
  • moneroMonero(XMR)$149.652.02%
  • ethereum-classicEthereum Classic(ETC)$18.20-0.25%
  • ToncoinToncoin(TON)$1.74-0.50%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • stellarStellar(XLM)$0.0927170.11%
  • bitcoin-cashBitcoin Cash(BCH)$116.581.38%
  • internet-computerInternet Computer(ICP)$4.82-0.37%
  • filecoinFilecoin(FIL)$4.81-1.97%
  • true-usdTrueUSD(TUSD)$1.00-0.05%
  • lido-daoLido DAO(LDO)$2.29-1.64%
  • AptosAptos(APT)$9.333.39%
  • quant-networkQuant(QNT)$116.84-0.16%
  • crypto-com-chainCronos(CRO)$0.0618003.69%
  • hedera-hashgraphHedera(HBAR)$0.050862-0.36%
  • ArbitrumArbitrum(ARB)$1.22-1.71%
  • nearNEAR Protocol(NEAR)$1.640.48%
  • vechainVeChain(VET)$0.0200420.17%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • apecoinApeCoin(APE)$3.160.67%
  • the-graphThe Graph(GRT)$0.127072-1.66%
  • algorandAlgorand(ALGO)$0.1531020.27%
  • the-sandboxThe Sandbox(SAND)$0.580.50%
  • eosEOS(EOS)$0.92-0.01%
  • paxos-standardPax Dollar(USDP)$1.00-0.10%
  • fraxFrax(FRAX)$1.000.10%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • elrond-erd-2MultiversX(EGLD)$38.682.55%
  • render-tokenRender(RNDR)$2.683.46%
  • rocket-poolRocket Pool(RPL)$49.871.28%
  • optimismOptimism(OP)$1.500.85%
  • aaveAave(AAVE)$63.63-0.38%
  • decentralandDecentraland(MANA)$0.4934711.21%
  • fantomFantom(FTM)$0.319946-1.10%
  • tezosTezos(XTZ)$0.920.59%
  • blockstackStacks(STX)$0.620.05%
  • theta-tokenTheta Network(THETA)$0.850.25%
  • Rocket Pool ETHRocket Pool ETH(RETH)$2,048.030.22%
  • immutable-xImmutableX(IMX)$0.834.07%
  • axie-infinityAxie Infinity(AXS)$7.190.21%
  • flowFlow(FLOW)$0.730.15%
  • havvenSynthetix Network(SNX)$2.370.68%
  • usddUSDD(USDD)$1.00-0.03%
  • neoNEO(NEO)$10.42-1.81%
  • BitDAOBitDAO(BIT)$0.496027-0.53%
  • kucoin-sharesKuCoin(KCS)$7.440.30%
  • galaGALA(GALA)$0.029854-2.12%
  • curve-dao-tokenCurve DAO(CRV)$0.860.48%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.90-0.10%
  • radixRadix(XRD)$0.0675110.03%
  • Bitget TokenBitget Token(BGB)$0.4707541.10%
  • injective-protocolInjective(INJ)$7.97-0.03%
  • bitcoin-cash-svBitcoin SV(BSV)$33.100.89%
  • makerMaker(MKR)$697.443.71%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • terra-lunaTerra Luna Classic(LUNC)$0.00010422.22%
  • gatechain-tokenGate(GT)$4.28-3.44%
  • klay-tokenKlaytn(KLAY)$0.186198-0.13%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.15%
  • conflux-tokenConflux(CFX)$0.271600-3.69%
  • iotaIOTA(MIOTA)$0.2033660.69%
  • bittorrentBitTorrent(BTT)$0.0000010.11%
  • kavaKava(KAVA)$1.010.03%
  • chilizChiliz(CHZ)$0.1025911.38%
  • PepePepe(PEPE)$0.000001-3.48%
  • casper-networkCasper Network(CSPR)$0.0469550.80%
  • Tokenize XchangeTokenize Xchange(TKX)$6.460.20%
  • pax-goldPAX Gold(PAXG)$1,945.36-0.27%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • SuiSui(SUI)$0.961.69%
  • mina-protocolMina Protocol(MINA)$0.551.23%
  • compound-ethercETH(CETH)$38.290.25%
  • dashDash(DASH)$43.240.39%
  • xdce-crowd-saleXDC Network(XDC)$0.035410-1.43%
  • gmxGMX(GMX)$55.58-0.86%
  • huobi-tokenHuobi(HT)$2.991.43%