
The Stumbling Crypto Giant: Philippines Cracks Down on Binance Amidst Global Regulatory Actions!
Following a guilty plea by its former CEO Changpeng Zhao (CZ) and significant penalties imposed on Binance in November 2023, the Philippines has intensified its regulatory actions against the crypto exchange. The Philippines’ Securities and Exchange Commission (SEC) has taken a bold step by requesting Google and Apple to remove Binance applications from their app stores, citing the company's illegal activities within the country.