In the Philippines, the Securities and Exchange Commission (SEC) raised concerns about Binance.
It's worth mentioning kabayan na none of these things would've happened kung hindi nagreklamo ang Infrawatch PH
[on multiple occasions] sa BSP at SEC.
They discovered that Binance wasn't officially registered in the Philippines, so legally, it couldn't sell or offer investments to the public in the country.
They tried their best to register sa ating bansa... They even tried acquiring a firm with VASP & EMI licenses, pero hulaan mo kung sino ulit ang nagreklamo? Infrawatch PH.