{"id":460036,"date":"2022-06-09T15:14:35","date_gmt":"2022-06-09T12:14:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-exchange-binance-seeks-critical-licenses-in-philippines-ceo-says\/"},"modified":"2022-06-09T15:14:35","modified_gmt":"2022-06-09T12:14:35","slug":"crypto-exchange-binance-seeks-critical-licenses-in-philippines-ceo-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-binance-seeks-critical-licenses-in-philippines-ceo-says\/","title":{"rendered":"# Crypto exchange Binance seeks critical licenses in Philippines, CEO says"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35fd347895a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35fd347895a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-binance-seeks-critical-licenses-in-philippines-ceo-says\/#%E2%80%9D_Crypto_exchange_Binance_seeks_critical_licenses_in_Philippines_CEO_says_%E2%80%9C\" >&#8221; Crypto exchange Binance seeks critical licenses in Philippines, CEO says &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_exchange_Binance_seeks_critical_licenses_in_Philippines_CEO_says_%E2%80%9C\"><\/span>&#8221; Crypto exchange Binance seeks critical licenses in Philippines, CEO says &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYjQwYTBjNmEtZTY0My00YmZmLWFiYTAtM2RkZjhmODZkMzdkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm&#8217;s operations within the Philippines.<\/p>\n<p>In a press briefing in Manila, the Binance CEO <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitpinas.com\/business\/cz-binance-philippines-vasp-license-bsp\/\">mentioned<\/a> that the exchange is looking to obtain the virtual assets service provider license, which allows the platform to legally facilitate the exchange of digital assets and the conversion of crypto to the Philippine peso. <\/p>\n<p>Apart from the VASP, Zhao also noted that the trading platform is working to acquire an e-money issuer license from Banko Sentral ng Pilipinas, the country&#8217;s central bank. This license will allow Binance to issue electronic money. <\/p>\n<p>The Binance CEO also talked about plans to expand the country\u2019s operations within the country. According to Zhao, the firm is looking into forming partnerships and investing in banks that operate in the Philippines. He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=7N-ThCUWymE\">said<\/a>: <\/p>\n<blockquote><p>&#8220;We are interested in investing in traditional financial service centers including payment service providers, banks [&#8230;] we want to help bring those businesses into the blockchain world.&#8221;<\/p><\/blockquote>\n<p>Zhao highlighted that the exchange&#8217;s decision to broaden its presence within the country is due to the local developments in terms of payment services and the country\u2019s advanced &#8220;understanding of crypto.&#8221; <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>BNB price risks 40% drop as SEC launches probe against Binance<\/em><\/strong><\/p>\n<p>Zhao also noted his frustrations with Reuters\u2019 recent report on the exchange. He said that the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> outlet \u201cjust reported rumors and they didn&#8217;t provide any supporting evidence.\u201d He also urged the audience to not believe the rumors and assured them that the firm is not involved in illicit activities. <\/p>\n<p>Two days ago, the exchange published a blog post to address the allegations made by Reuters. Within the post, the exchange fired back at the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> platform, saying that the article was created to spread disinformation. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-exchange-binance-seeks-critical-licenses-in-philippines-ceo-says\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto exchange Binance seeks critical licenses in Philippines, CEO says &#8220; Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm&#8217;s operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned that the exchange is looking to obtain the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":460037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYjQwYTBjNmEtZTY0My00YmZmLWFiYTAtM2RkZjhmODZkMzdkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,74860,75917,25196,117,72213,70934],"class_list":["post-460036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-cryptocurrency-exchange","tag-exchanges","tag-asia","tag-business","tag-philippines","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=460036"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/460037"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=460036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=460036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=460036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}