The Philippines Securities and Exchange Commission (SEC) took decisive action to block the online presence of cryptocurrency exchange Binance in the country. What Happened: In mid-March, the Commission En Banc approved the filing of a formal request with the National Telecommunications Commission (NTC) to assist in blocking Binance’s website and other web pages used by the exchange. Despite conducting promotional campaigns on social media to attract Filipino investors, Binance lacks the required SEC license to engage in such activities. The exchange also does not have the license to create or …