Philippines SEC Moves on eToro, Says Platform Offers Unregistered Securities
Regardless of eToro's huge status and appeal, the Philippine financing regulator would not permit uncontrolled crypto company.
eToro, an online trading platform, is the most recent company to discover itself on the incorrect side of the Philippines' securities regulator. This follows after the Securities and Exchange Commission (SEC) of the nation implicated the platform of offering or providing securities without acquiring the permission to do so.
Remember that the securities regulator had actually formerly prohibited popular cryptocurrency exchange Binance from providing its services in the nation. Now, nevertheless, it appears that the very same fate might have simply struck eToro.
In an advisory that was provided in March however openly released on April 4, the Philippines SEC info...