Binance, the world\“s largest cryptocurrency exchange, is now facing scrutiny from the Securities and Exchange Commission （SEC） in the Philippines.
In a bid to protect local investors and ensure compliance with financial regulations, the Philippine SEC has launched an investigation into the exchange\“s operations in the country.
The investigation follows reports of high volatility in cryptocurrency markets, which has led to concerns over investor protection.
As part of the investigation, the SEC has requested Binance to provide detailed information about its business operations in the Philippines, including customer data, trading volumes, and anti-money laundering （AML） measures. |
