All Crypto Lost? Binance Users Can’t Retrieve Funds After Philippines SEC Ban
Summary
The Philippines SEC banned Binance and other platforms for non-compliance. The regulator is warning users to transfer funds to licensed exchanges or personal wallets. Binance users in the Philippines may find their holdings inaccessible due to the ban. The SEC cannot endorse any method for users to withdraw funds. The SEC is drafting rules to protect investors, but Binance and eToro have not applied for a license or complied with regulations.
