Binance is still accessible in the country even after a three-month countdown imposed by the Philippines SEC for banning unlicensed crypto trading platforms.
Update March 7, 11:10 UTC: This article has been updated to clarify that other ISPs have not yet implemented the NTC order.
The Philippines National Telecommunications Commission (NTC) has started blocking websites of crypto companies offering investment products in the country without the necessary licenses.
On March 7, local media outlet Bitpinas reported that the websites of crypto firms MiTrade and OctaFX were now inaccessible through one of the country’s largest internet providers. The NTC issued an order on Feb. 21 to internet service providers, requiring them to block applications and websites of MiTrade for violating regulations enforced by the Securities and Exchange Commission (SEC) of the Philippines.
