Filipinler Securities and Exchanges Commission (SEC) has issued a warning to the public against dealing with Binance.
The caution was contained in a yanıt sent to Infrawatch PH, a public policy think-tank working to see that the exchange is banned.
Temmuzun başlarında, Kızılötesi PH gönderilen 12 sayfalık mektup to the SEC demanding an investigation into the activities of Binance and a request to have it banned from operating in the country. The group claimed that Binance was illegally offering digital assets classified as securities without registering with the SEC.
In response, the SEC after its investigation has issued a note of caution to the public against investing with Binance, stating it is unregistered in the country.
The Resmi Açıklama okur:
“Binance kayıtlı bir şirket veya ortaklık değil. Sonuç olarak Binance, yatırımları teşvik etmek için gerekli yetki ve/veya lisansa sahip değildir; çünkü yalnızca kayıtlı şirketler yatırım teşvik etmek için gerekli lisanslara başvurabilir ve gerekli lisansları alabilir.
Bu koşullar dikkate alındığında; Kamuoyunu Binance'e YATIRIM YAPMAMALARI konusunda uyarıyoruz.”
The commission also initiated a system of inquiry for Binance users who may have lost their money while investing in the exchange.
Infrawatch PH going all out against Binance
The public policy think-tank has been lobbying relevant Philippian regulators to see that Binance’s operation in the country is checked.
İçinde mektup sent to Philippine Central Bank in June, Infrawatch PH expressed its concern over the operations of Binance in the country without a Virtual Asset Service Provider (VASP) license. It blamed Binance for the LUNA collapse and cited other countries where the exchange was banned for facilitating illicit financial activities.
As a follow-up to their request, the group ulaştı to the Philippine Department of Trade and Industry (DTI) seeking an investigation against Binance for luring Filipino customers to invest with it by sharing unregistered promotions via social media. According to the letter, Binance showed no regard for the authority and so should be banned totally.
Binance still open to dialogue
In light of the SEC’s warning, a Binance spokesperson confirmed that the exchange is open to working with the SEC to protect its customers.
“Blockchain gibi olumlu yeniliklerin büyümesini teşvik ediyoruz ve SEC ve finansal katılım ve güçlendirme vizyonumuzu paylaşan diğer sektör katılımcıları ile açık diyalog kurmayı dört gözle bekliyoruz.”
Binance CEO, Changpeng Zhao in a press briefing earlier in June ima at plans to obtain the virtual assets service provider (VASP) and e-money issuer licenses from relevant Philippian regulators.
Source: https://cryptoslate.com/philippines-financial-watchdog-warns-public-against-investing-with-binance/