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News Explorer — Binance Lacks VASP License for Philippines, Central Bank Says

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Jun 11, 8:49 am
Coindesk

Binance Lacks VASP License for Philippines, Central Bank Says

Binance is attempting to enter the Philippines market with a local partner, but the country's central bank has stated that neither Binance nor its partner holds the necessary license to operate as a virtual asset service provider (VASP) in the country. The license is crucial for facilitating crypto payments and transactions.

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