The $4.3 billion deal signed by Binance, the world’s largest cryptocurrency exchange, with the United States government and the resignation of former CEO CZ from his position as CEO upon accepting the accusations leveled against him are also effective in others. countries.
First, the news came from Thailand. As is known, Binance was trying to establish a cryptocurrency exchange in Thailand in partnership with Gulf Energy, the company of Thai billionaire Sarath Ratanavadi.
However, according to Bloomberg, Binance’s attempt to establish a cryptocurrency exchange in the country may face regulatory difficulties.
Speaking to Bloomberg, Thai billionaire Sarath said he has great confidence in Binance, despite the agreement Binance entered into with the United States.
“Binance has grown extremely fast and has encountered some regulatory challenges along the way.
Despite these developments, we have much more confidence in the reliability of Binance. Because this storm should make Binance much stronger. Because we chose Binance for its leading market position.
In addition to this, the Thai Securities and Exchange Commission has a very strict attitude towards cryptocurrencies. “After what happened at this point, he asked a lot of questions, including about Binance, before approving our joint venture exchange.”
Secondly, the negative news for Binance came from the Philippines.
The SEC of the Philippines stated that Binance is actively carrying out promotional activities on social media in the country. At this point, the Philippine SEC is preparing to take action to block access to Binance in the Philippines in order to protect the public from unregistered investment products.
The Philippine SEC also stated that Binance does not have the right to sell or provide securities to the public.
The Philippine SEC also advised Filipino investors to close their positions and withdraw their investments.
