MANILA, Philippines — Internet service providers (ISP) are instructed to “immediately” block access to Binance from the Philippines, a move that will finally ban the operations of the online cryptocurrency exchange flagged for operating without requisite licenses.
In a statement on Tuesday, the National Telecommunications Commission (NTC) said it had issued a memorandum directing ISPs to prevent accessing the crypto platform in line with request by Securities of Exchange and Commission (SEC) to do so.
“The ISPs were given by the NTC a period of not later than five days from receipt of said memorandum to submit a report on the action taken regarding said directive,” the NTC said.
As of writing, at least one ISP has complied with the NTC order.
The SEC on March 25 announced it has decided to proceed with the banning of Binance for not securing license to create or operate an exchange for buying and selling of…
