Cryptocurrencies
Follows exchange chief resigning in wake of U.S. money-laundering case
Binance launched in Thailand in November, gaining its first foothold in Southeast Asia. © Reuters
| Philippines
MANILA -- The Philippines securities regulator said Wednesday it was moving to block access to embattled cryptocurrency giant Binance, just a week after its top executive stepped down and pleaded guilty in a U.S. money-laundering case.
The ban is the latest blow for the world's biggest crypto exchange, which hopes to expand in Southeast Asia amid its U.S legal woes and a ban on doing business in China.
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