The SEC has cautioned against investing in Binance since November 2023.
The regulator has assured investors of sufficient time to transition to authorized platforms.
The Securities and Exchange Commission (SEC) of the
Philippines has blocked the cryptocurrency giant Binance. This action was taken
after the exchange was found to be operating an investment and trading platform
without the necessary license, raising concerns about the security
of investors' funds.
The commission approved the filing of a formal request with
the National Telecommunications Commission (NTC) to block the exchange's
website and other associated web pages in a meeting held on March 12.
In the letter addressed to the NTC, the SEC’s Chairperson, Emilio Aquino, mentioned: "The SEC has identified the
aforementioned platform and concluded that the public’s continued
access to these
websites or apps poses a
threat to the security
of the funds
of investing Filipinos."
Promotional Activities
According to the Philippines' securities watchdog, Binance has
not obtained the required license from the SEC despite defining itself as a
trading facility offering various investment products, including spot trading,
futures contracts, and cryptocurrency savings accounts. This contravenes the
country's regulations, which mandate licenses for soliciting investments from
the public and operating securities exchanges.
Source: SEC Philippines
The SEC noted that Binance has an average daily trading
volume of $65 billion across more than 402 cryptocurrencies, with a membership of
over 183 million users. The platform has actively used promotional campaigns on
social media to entice Filipinos into investment and trading activities.
Binance Faces Regulatory Hurdles Globally
In November last year, the SEC warned the public against
investing in Binance. The agency has been collaborating with the NTC to block
websites that illegally offer investments in the Philippines. Earlier actions
included blocking websites and apps on other platforms like OctaFX and MiTrade, highlighting the regulator's commitment to protecting the investing public.
Notably, the SEC has assured investors adequate
time to exit the platform and transition their portfolios to authorized
investment products and platforms.
The enforcement action against Binance added to the exchange's growing list of regulatory challenges worldwide. From France to Nigeria, Binance has faced increased scrutiny and regulatory pressure over its operations. Notably, Nigeria's Securities and Exchange Commission has highlighted similar concerns regarding the solicitation of Nigerian citizens for crypto trading activities by Binance.
Additionally, Binance's operations in the United States faced intense scrutiny, leading to significant legal battles and multi-billion-dollar settlements. The exchange officially exited the US market, and its Former CEO, Changpeng Zhao, stepped down from his role.
The Securities and Exchange Commission (SEC) of the
Philippines has blocked the cryptocurrency giant Binance. This action was taken
after the exchange was found to be operating an investment and trading platform
without the necessary license, raising concerns about the security
of investors' funds.
The commission approved the filing of a formal request with
the National Telecommunications Commission (NTC) to block the exchange's
website and other associated web pages in a meeting held on March 12.
In the letter addressed to the NTC, the SEC’s Chairperson, Emilio Aquino, mentioned: "The SEC has identified the
aforementioned platform and concluded that the public’s continued
access to these
websites or apps poses a
threat to the security
of the funds
of investing Filipinos."
Promotional Activities
According to the Philippines' securities watchdog, Binance has
not obtained the required license from the SEC despite defining itself as a
trading facility offering various investment products, including spot trading,
futures contracts, and cryptocurrency savings accounts. This contravenes the
country's regulations, which mandate licenses for soliciting investments from
the public and operating securities exchanges.
Source: SEC Philippines
The SEC noted that Binance has an average daily trading
volume of $65 billion across more than 402 cryptocurrencies, with a membership of
over 183 million users. The platform has actively used promotional campaigns on
social media to entice Filipinos into investment and trading activities.
Binance Faces Regulatory Hurdles Globally
In November last year, the SEC warned the public against
investing in Binance. The agency has been collaborating with the NTC to block
websites that illegally offer investments in the Philippines. Earlier actions
included blocking websites and apps on other platforms like OctaFX and MiTrade, highlighting the regulator's commitment to protecting the investing public.
Notably, the SEC has assured investors adequate
time to exit the platform and transition their portfolios to authorized
investment products and platforms.
The enforcement action against Binance added to the exchange's growing list of regulatory challenges worldwide. From France to Nigeria, Binance has faced increased scrutiny and regulatory pressure over its operations. Notably, Nigeria's Securities and Exchange Commission has highlighted similar concerns regarding the solicitation of Nigerian citizens for crypto trading activities by Binance.
Additionally, Binance's operations in the United States faced intense scrutiny, leading to significant legal battles and multi-billion-dollar settlements. The exchange officially exited the US market, and its Former CEO, Changpeng Zhao, stepped down from his role.
How Ripple Pulled Off the Year’s Biggest Crypto Raise While XRP Tumbled 40%
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
