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RE: Philippines NTC to Block Binance

in #binance2 months ago

Understood. Here in Thailand, they barely worry about amounts. You get 400k baht just for adding a bank account which rises to 2m baht a day for providing legal proof of address. We do however only have 9 coins we're legally allowed to use and list and three of those are stable coins. Binance are officially illegal but openly trade here without too much hassle.

It's like a noose being slowly tightened.

Stay well :-)

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Looks like it's not that different from the terms offered here. Except some measures like accounts having transactions with Binance wallets might get flagged and there's less opportunities to appeal once the bans start. It's just hearsay for now but I wouldn't be surprised given how strict the KYC is.