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Topic: BINANCE urged to be BANNED in the PHILIPPINES - page 2. (Read 469 times)

hero member
Activity: 2114
Merit: 562
September 23, 2022, 10:45:44 AM
#16
Sa tingin ko malabong mangyari yan, unang una wala pang matibay na batas sa Pilipinas tungkol sa cryptocurrency at pangalawa ang Binance ay nag-abide sa ating local law, plus the fact na active ang Binance sa mga community related activities look at this latest news,



Source: https://www.facebook.com/inquirerdotnet/posts/pfbid02C9YSsLvuJaFYaTgPuVEhgf7AEhAsGhsH9APQJ6cxMjGx7Q6CjwsbfcixJvFgHZTal
sr. member
Activity: 2044
Merit: 314
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September 12, 2022, 07:31:32 AM
#15

Para sa akin, mahihirapan sila Iban and Binance kasi hindi naman talaga sya nagooperate si Pilipinas, ang pwede mangyari dito eh higpitan ng BSP lalo ang mga Banko... silipin yung mga account na ginagamit sa exchange, katulad nyang P2P
Totoo. Sa pagkakatanda ko, DTI na mismo ang nagsabi na hindi nila pwedeng i-ban ang Binance dito sa Pilipinas dahil walang specifics at malinaw na regulation ang BSP pagdating sa cryptocurrency. So dahil sinabi na rin naman nila yun, sa ngayon malabo talagang ma-ban yan. Nakipag-usap narin ang Binance sa officials diba? Yang sa part na yan, wala ako balita. Ano ba naging usapan nila?
They have representative on Senate I believe, though yung topic is more on crypto adoption and not about this issue.
Sa tingin ko naman ay magiging ok na ang Binance especially now that they are working closely with our government and probably, baka sila pa ang maging main source ng knowledge natin about cryptocurrency. Baka ginawa lang talaga ang issue na ito para siraan si Binance, buti nalang at BSP knows what to do as well and willin talaga makipagcooperate si Binance.
sr. member
Activity: 1764
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September 11, 2022, 01:02:36 PM
#14

Para sa akin, mahihirapan sila Iban and Binance kasi hindi naman talaga sya nagooperate si Pilipinas, ang pwede mangyari dito eh higpitan ng BSP lalo ang mga Banko... silipin yung mga account na ginagamit sa exchange, katulad nyang P2P
Totoo. Sa pagkakatanda ko, DTI na mismo ang nagsabi na hindi nila pwedeng i-ban ang Binance dito sa Pilipinas dahil walang specifics at malinaw na regulation ang BSP pagdating sa cryptocurrency. So dahil sinabi na rin naman nila yun, sa ngayon malabo talagang ma-ban yan. Nakipag-usap narin ang Binance sa officials diba? Yang sa part na yan, wala ako balita. Ano ba naging usapan nila?
full member
Activity: 504
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September 11, 2022, 12:02:34 PM
#13
There’s a recent articles spreading online about this one, the Infrawatch PH Thinktank urged BSP to suspend and Ban Binance from operating because of the license issues and I think, this is very inappropriate.

Source: Bitpinas - https://bitpinas.com/regulation/bsp-urged-to-ban-binance-for-illegally-operating-in-the-philippines/


Binance already announce about their application with VASP License, and now with this? I think this is just for their personal interest especially with PDAX, though not directly from them pero mas prefer kase ng nakakarami ang Binance kaya for sure kahit anong paninira nila dito, BSP will still not listen to them especially now Binance is cooperating with our government.

Ano ang masasabe mo dito? Mababan or suspend ba ang Binance?

Para sa akin, mahihirapan sila Iban and Binance kasi hindi naman talaga sya nagooperate si Pilipinas, ang pwede mangyari dito eh higpitan ng BSP lalo ang mga Banko... silipin yung mga account na ginagamit sa exchange, katulad nyang P2P
legendary
Activity: 2576
Merit: 1655
September 11, 2022, 03:08:32 AM
#12
Mas maigi na maregulate yung crypto in my own opinion than banning it kasi andaming mawawalan at tayo lang din yung mahihirapan. And as far as I know yun yung target ng binance dito sa Pilipinas.

Mukhang malapit na sa part na yan.

1) Include crypto education as part of the subject in Universities (although not part of the curriculum)
2) Coins.ph making big partnerships
3) Gcash, Maya intergrating crypto on their service soon
4) BSP seems positive now towards crypto unlike before na puro warnings (although tama naman)

At ano pa ba? Halos nilalapit na ang mga Pilipino sa crypto sa mga actions na yan.

Oo, yan lang kagandahan sa Pilipinas ngayon, 5-6 years hindi pa ganito kalaki ang adoption ngayon eh malalaman mo na lumawak na kasi ang daming nagtatanong ng about sa crypto.

Tapos biglang pasok ang Binance, pinakamalaking exchanges. Although may konting silip na ginawa ang gobyerno pero in the end kung marami naman benefits ang pagiging isang exchanges na magbibigay serbisyo sa tin eh why not? At katulad ng sinabi ko, may marami sila mas maganda dahil may pagpipilian tayo.
legendary
Activity: 2436
Merit: 1008
September 07, 2022, 06:34:28 PM
#11
Mas maigi na maregulate yung crypto in my own opinion than banning it kasi andaming mawawalan at tayo lang din yung mahihirapan. And as far as I know yun yung target ng binance dito sa Pilipinas.

Mukhang malapit na sa part na yan.

1) Include crypto education as part of the subject in Universities (although not part of the curriculum)
2) Coins.ph making big partnerships
3) Gcash, Maya intergrating crypto on their service soon
4) BSP seems positive now towards crypto unlike before na puro warnings (although tama naman)

At ano pa ba? Halos nilalapit na ang mga Pilipino sa crypto sa mga actions na yan.
hero member
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September 06, 2022, 06:09:28 PM
#10
It looks like nagawan ng paraan na mabaliktad ang negative sentiment na ginawa ng Infrawatch by doing a joint program na makakatulong sa ating bansa para sa implementation ng cryptocurrency knowledge.  Obvious naman kasi ang ginawa ng Infrawatch na talagang paninira lang, solely focused nila ang Binance lang ang target nilang ipaban eh napakaraming cryptocurrency exchange ang naglipana na ginagamit nating mga Pinoy. 
Paninira lang yun, gawain yan ng Infrawatch at kapag magdi-deep research ka pa tungkol sa kanila. Ang makikita mostly ay puro ganyan lang din na mga negative thoughts nila tungkol sa mga specific companies at ganun din sa gobyerno.
Ang maganda lang dito sa Binance, seryoso kasi sila na mag expand sa bansa natin kaya magco-comply sila at sakto din naman sa BSP na isasara na nila yung application sa virtual operation license nila pero bago sila nagdeclare ng ganun, nakapag apply na si Binance kaya approval nalang inaantay.
legendary
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September 05, 2022, 06:31:54 PM
#9
Contrang Contra yung Infrawatch sa crypto legality dito sa Piipinas and dami nag sspecualate na nalugi sila or liquidate sa binance kaya ganun sila maka asta. This thread is more than 1 month na and sa mga latest news ngayon is pro in crypto at binance since recently may mga meetings and happening na kasali ang Binance. Mas maigi na maregulate yung crypto in my own opinion than banning it kasi andaming mawawalan at tayo lang din yung mahihirapan. And as far as I know yun yung target ng binance dito sa Pilipinas.

It looks like nagawan ng paraan na mabaliktad ang negative sentiment na ginawa ng Infrawatch by doing a joint program na makakatulong sa ating bansa para sa implementation ng cryptocurrency knowledge.  Obvious naman kasi ang ginawa ng Infrawatch na talagang paninira lang, solely focused nila ang Binance lang ang target nilang ipaban eh napakaraming cryptocurrency exchange ang naglipana na ginagamit nating mga Pinoy. 
legendary
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September 05, 2022, 01:57:36 PM
#8
Ban will be unlikely. Baka yung taga Infrawatch PH na yan na liquidate ng todo sa kanyang trades. Despite that Binance has been open to Filipino trader for years, dapat noon palang nag issue na siya ng ganito.

BSP and DTI aren't banning Binance. SEC however they just simply made an advisory, but it doesn't state that it will be banning Binance. At saka sa napakaraming overseas exchanges na available for Filipinos, bakit kaya Binance lang ni focus nya to be banned?

Maybe because ito yung mostly used by the Pinoys especially the P2P system. That Infrawatch PH guy thought that the immediate ban would happen, but it's not. The chances are none to very slim depending on the latest developments that we have in the upcoming months or years.
Contrang Contra yung Infrawatch sa crypto legality dito sa Piipinas and dami nag sspecualate na nalugi sila or liquidate sa binance kaya ganun sila maka asta. This thread is more than 1 month na and sa mga latest news ngayon is pro in crypto at binance since recently may mga meetings and happening na kasali ang Binance. Mas maigi na maregulate yung crypto in my own opinion than banning it kasi andaming mawawalan at tayo lang din yung mahihirapan. And as far as I know yun yung target ng binance dito sa Pilipinas.
hero member
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September 05, 2022, 10:32:08 AM
#7
Ban will be unlikely. Baka yung taga Infrawatch PH na yan na liquidate ng todo sa kanyang trades. Despite that Binance has been open to Filipino trader for years, dapat noon palang nag issue na siya ng ganito.

BSP and DTI aren't banning Binance. SEC however they just simply made an advisory, but it doesn't state that it will be banning Binance. At saka sa napakaraming overseas exchanges na available for Filipinos, bakit kaya Binance lang ni focus nya to be banned?

Maybe because ito yung mostly used by the Pinoys especially the P2P system. That Infrawatch PH guy thought that the immediate ban would happen, but it's not. The chances are none to very slim depending on the latest developments that we have in the upcoming months or years.
hero member
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Ano ang masasabe mo dito? Mababan or suspend ba ang Binance?
Hindi.
Simula nung naranasan ko yung mga complaints lang na nababasa ko dati sa mga comment sections kung gaano kahigpit mga local exchanges, nadismaya na ako at masasabi kong mas maganda pa Binance at ibang international exchanges. Meron pa ngang hindi nagfo-force ng kyc kahit maliit lang ang limit nila eh. Kaya tingin ko hindi yan sila mababan kasi magiging compliant naman si Binance kaya mismong CEO nila ang bumisita sa bansa natin dahil sigurado na isa ito sa agenda at pakay niya.
sr. member
Activity: 2436
Merit: 455
Pure FUD, in my opinion.

Wala na yatang magandang nangyayari sa bansa natin basta about competition to other companies na galing ibang bansa, katulad na lamang nung telco na papasok sana sa bansa natin kaso hindi natuloy kasi syempre, maaapektuhan ang PLDC at napakabagal na ISP sa bansa. Pera pera lang talaga ang usapan, pero for now since wala pang totoong balita about dyan, pwede pa rin namang gamitin yang Binance.

Lahat kasi gusto nila sa bulsa nila papasok kaya gusto nila yung macocontrol nila.
full member
Activity: 2086
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Nakakagulat itong news na ito, and wala pang formal na response si BSP pero sana ay maging pabor sila sa Binance and wag nila iban ito kase marami ang umaasa dito at marame na silang natulungan sa totoo lang.

If the license is the issue here, sana noon pa sila nagingay with regards to this one, hopefully makipagcoordinate si Binance at sana wag nila tayo iwan because of this issue. With regards to local exchanges, dapat kase mag improve den sila sa tamang paraan.
legendary
Activity: 2534
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Ano ang masasabe mo dito? Mababan or suspend ba ang Binance?
I don't think so. SEC has been allowing them to operate despite that Binance is not registered here in the country and is still in the process of trying to get their VASP license.

anyway, can someone elaborate on what SEC mean when they say that "we are tracing them through our system"?
sr. member
Activity: 2422
Merit: 357
Walang office dito sa Pinas ang Binance and hinde naman sila nagooperate locally unlike sa mga local exchanges, so technically hinde sila cover ng license na yan pero with the initiative they are willing to support local exchanges and invest with them, so they can get that license.

Maganda ang plano ng Binance dito sa Pinas and sa tingin ko, ginawa lang issue ito kase nga malaking competitor si Binance at kapag tuluyan na itong nakapasok sa Pinas, malulugi ang mga local exchanges. Imagine ilang years na yang VASP license with BSP pero ngayon lang naging issue kung kelan bumisita si CZ.  Cheesy
sr. member
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Vave.com - Crypto Casino
There’s a recent articles spreading online about this one, the Infrawatch PH Thinktank urged BSP to suspend and Ban Binance from operating because of the license issues and I think, this is very inappropriate.

Source: Bitpinas - https://bitpinas.com/regulation/bsp-urged-to-ban-binance-for-illegally-operating-in-the-philippines/


Binance already announce about their application with VASP License, and now with this? I think this is just for their personal interest especially with PDAX, though not directly from them pero mas prefer kase ng nakakarami ang Binance kaya for sure kahit anong paninira nila dito, BSP will still not listen to them especially now Binance is cooperating with our government.

Ano ang masasabe mo dito? Mababan or suspend ba ang Binance?
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