Binance seek Philippine licenses

Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm’s operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned 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. 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’s central bank. This license will allow Binance to issue electronic money. The Binance CEO also talked about plans to expand the country’s operations within the country. According to Zhao, the f...