<ul><li>Philippine SEC warns Binance for selling securities without authorization, highlighting legal compliance issues.</li><li>Cristiano Ronaldo has been sued in the US for promoting Binance&#39;s NFTs, allegedly aiding in selling unregistered securities.</li><li>Binance&#39;s global operations face increased scrutiny as regulatory bodies in multiple countries challenge its legal compliance.</li></ul>The <a href="https://www.sec.gov.ph/#gsc.tab&#61;0" rel="noopener noreferrer nofollow">Philippines&#39; Securities and Exchange Commission</a> (SEC) has warned sternly against Binance, the globally renowned cryptocurrency exchange. Recent investigations reveal that Binance, despite its international presence, operates without the necessary authorizations in the Philippines. As reported by the Chinese reporter Colin Wu, the SEC&#39;s advisory emphasized that <a href="https://cryptotale.org/binance-ex-ceo-changpeng-zhao-poses-a-serious-flight-risk-prosecutors/" rel="noopener noreferrer nofollow">Binance</a> is not registered as a corporation in the country and lacks the essential license to sell or offer securities.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9ad767b71e944278b012659e65277deb.png" />This development comes after the <a href="https://www.sec.gov.ph/advisories-2023/binancebinance-is-not-registered-as-a-corporation-in-the-philippines-and-operates-without-the-necessary-license-and-or-authority/#gsc.tab&#61;0" rel="noopener noreferrer nofollow">SEC highlighted</a> Binance&#39;s aggressive marketing strategies on various social media platforms in the Philippines. The SEC&#39;s findings indicate that Binance has enticed Filipino investors to participate in various investment and trading activities using its platform. This includes offering financial instruments and investment products like spot trading with leverage, futures contracts, option contracts, cryptocurrency savings accounts, and staking services.Read full article at <a href="https://cryptotale.org/binance-faces-legal-scrutiny-in-the-philippines-and-the-us/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance Faces Legal Scrutiny in the Philippines and the US

CryptoTale

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