traders should unite and file a suit against the SEC. stupidity at its finest!
also bakit kaya ang Cyprus and Belize, Australia and UK napaka welcome sa registration ng mga trading platforms? can't we take a look bakit sa kanila ok lang while sa Pinas kahirap mag set up ng fintech platforms...we give license to Casinos pero sa mga fintech companies hindi nyo maayos?
06:18 The question about non-crypto-savvy people who may not be checking crypto news everyday and long term investors who parked their money in the exchanges, what happens to them after the grace period?
Answer: Since there is already a blocking order on the ISP's for Binance, we cannot endorse any method how to take out their money.
So in short, good luck / good bye to your investments? Can't SEC offer any help?
So SEC instead of "protecting" the people, causes people to lose their hard earned money.
Overall this interview is just so painful to watch. 2 of the anchors were asking good questions, and sadly Atty Ong wasn't giving satisfactory answers.
use a VPN. you can still access binance with a VPN. ISP can not see your activities with a VPN
@@emmanuellorenzodiaz55 Binance discourages the use of VPN. If detected, they will be the one to block you.
@@emmanuellorenzodiaz55 Binance prohibits the use of VPN. If detected, they will be the one to block your account
Ang labo Ng sagot nung atty..😅 from now until when ang grace period Ng sec Sa binance app..?
Gusto nila Yung mga nasa upper class family, manatili sa karangyaan, ayaw nilang maging bumangon Ang mga pilipino sa kahirapan, this interview is nonsense
SEC here in Ph is MAfifaida!
nonsense mgexplain
so going by this logic... eventually, you're gonna ban all online sites not registered in the Phils.
yung nag thesis defense kayo kaso absent ang Leader/writer at researcher nyo sa defense. tapus ikaw na pancit canton lang ang ambag kayat hanggang introduction lang ang alam
Umpisa plang, hindi na sure or hindi fully aware ung atty. sa isasagot nya...
Ban nila kasi di sila makaka kuha ng tax, pero sa online gambling na nakaka sira ng buhay ayaw nila i ban kasi may porsyento sila, loslos
so what now? pls SEC release names of platform that you back up to be legal so we know where to go
impossible coz pinas or people running govt dont want you to be rich...
You are not helping Filipino to improve their lives. Gusto ninyo Maraming magutgutom.
The irony - you are not protecting the Filipino investors. You are making them hopeless.
This is once in a lifetime opportunity for evry ordinary individuals who can invest & start with a very small amount
Nahh. Damned if you do, damned if you dont. Magrereklamo ka rin kung may nanyari dahil may ginawang masama si Binance tapos hindi naiwasan dahil hindi sila under regulations. Wala ka rin mahahabol dahil hindi sila under jurisdiction ng Pinas. Example, tinakbo yung funds niyo. There are other legally compliant platforms out there.
Bat d nyu rin tanggalin din Yun online casino . Dami nyun alam
Is the SEC really serving the Filipino people or are they just serving themselves?
Gusto nyo mag invest ang tao sa stocks ng pinas really? Sa 5 years ko nag iinvest sa ph stocks, bilang lang sa daliri ang stocks na kikita ka. Kalokohan etoro pa ibaban nyo next?
There are a lot of platforms that has no registration from SEC but literally the investors was sending a complain to SEC about those platforms. So bakit di yun ang unahin nyo nang ma resolbahan at mabalik ang pera ng mga investors... di yung mga kompanyang walang nag rereklamo...
Non-sense interview.
poor PH govt. not embracing the future just like El Salvador.
Other top contries : Fighting Currency War through bitcoin (US Btc ETF, now HongKong Btc ETF)
Philippines : ban binance
😂😂
Very selfish. Gusto lang ng mga tao maka angat sa buhay tapos lulunurin niyo pa.
Mas pinahihirapan lang talaga ninyo yung mga tao.
Bro doesn't look like he knows what's he's talking about
Sayang interview sa ganitong lawyer nonsense answers. Nautusan lang tong na interview eh mukhang nasa demographic rin siya na Binance user rin
local exchange are useless, lots of downtime, high fees and our assets are at high risk in the hands of these local exchanges
They're not protecting people's money!
Is someone a tech literate there in SEC?? Sila mismo humahadlang sa pag-asenso ng bansa. Forever developing country ❤️ ❤ Are they aware how behind we are compared to other developing countries? Kaya yung ibang bansa grabe makalook down sa Pinas, nakakahiya so proud 😍😍. Aanhin pa yung tax kung di din mga tao ang makikinabang. Proud 🦾
Congratulations SEC on ensuring Filipinos lose their hard earned money.
Lumipat tayo bansa kasi gusto nila ayaw tayo umasinso kaya ang pilipinas maraming mahihirap
korek balak kopa namn na mag forgood this sept kasi focus sa trades tapos ganyan haist
Sec representative is not savvy with crypto world and doesn't seem to know the solution to truly protect Filipino crypto investors - a top priority rather than just easily disconnecting accounts access with Binance... 😢
With all due respect on supposed concerned authorities, if many of the funds of filipino investor is stuck at Binance and you say you since ISP has blocked it, you cant endorse options methods how they can get their funds out?? Will that be putting investors at Risk or threat of vinvestment? Now where does Protection apply ??. A kind & fair heart will always seek a Win Win situation. God bless
he is clueless. 😂😂
Pineperahan lang ata ninyo yung taong bayan.
Ban first online gambling. Suportahan ang sariling atin is a comedy drama.
Dont invest in local exchanges because they will hold your funds once you have millions profit.
Local exchange is a scam, they will hold ur money when btc pumps, they will do maintenance without advance notice. When btc drops they will open again. That's why it's a scam, they earn big percentage from conversion..that's why local exchange want pinoy to trade in their platform.
This has STUPID written all over it. You really don’t want to hear what I want to say after that. 🤬🤬🤬🤬🤬
so ibig sabihin bahala n yung mga n ipit s binance or s ibang exchange na ma baban nila kala ko ba naman ginagawa nila to protect Filipino investor yung ibang local exchange n accredited nila sure ba sila na all non security ang offer kahit nga SEC ng US hndi maayos or magulo yung rules about s Crypto d2 pa kaya sa pinas malamang lamang corruption rin ending nito
I think Filipino investors deserve better answers than this 🤦🏻
Mas naiirita lang ako pagnapapanood ko yung video na ito. SEC needs to be held responsible for the losses due to their bans.
Huh? Binance yung hindi marunong magcomply pero government sinisisi mo. Ayos ka lang
@@pjanicattheisco6991 Napanuod mo ba yung last part ng video? Yung about sa moratorium? O di mo alam yun haha
What a weird interview.
Phil crypto traders need more Binance, than Binance need the capital of phil. traders. SEC is working against their people. Protection of the investors is not what the SEC wanted, but the tax of these foreign exchanges.
YES, GOvernment always need to TAX the people...tax is only for slave, people are not working for govnt, Gov should serve the people and think to build a business so it could stand alone, just like before Gov owns Electricity, Gas, bank,and other businesses. Citizen already been tax double after deducted the tax from withholding, you will be taxed from electricity bill, phone bill, water bill, grocery, savings from bank, travel tax, airline tax, etc.
ang hirap mo mahalin PILIPINAS! bakit mas gusto nyo pa mag promote ng e bingo plus at mga sugal online kesa investment na nagbibigay ng income sa mga pilipino! malinaw na gsto nyo magbayad ng malaki ang mga platform para sa inyo lang mapunta GODLESS sa mga taga SEC AT sa gobyerno natin!
The BSP has a moratorium against new registration until 2025. How can you prosecute and ban before the registration moratorium is lifted, SEC? How stupid is that?
Protected?...its all about money!!..
binance doesnt need a license because it does not operate in the philippines. there is no law prohibiting filipinos from buying securities abroad. we will just be using a VPN then if the SEC continues to block the binance exchange
Well said sir, very logical , however theres no docs to show that theres guidelines on coverage of sec jurisdiction on securing license
Binance doesnt allow vpn, you'll just get your account suspended... hanap nalang alternatives, any suggestions?
@@karunungangsulit not really meron na po announcement si Binance na even if SEC bans the app website etc. funds are safe and we can continue to use banace
In short, even though many Filipinos putting huge money on Binance, SEC is not receiving any revenue at all from this platform. Kaya todo promote sa local platform kase yun ang controlled nila. Pera pera lang talaga yan.
SEC about the funds that might get stuck on Binance in the future:
“we cannot endorse any method how to take out their money because the blocking order is out.”
you guys want us to invest in local market that perform like crap.
Hindi nya alam yung sinasabi nya hahahaha! Utal utal na ewan! Pag walang mahihitang pera talaga ssirain yung hndi sira
Bakit nauutal atty? Ano ba talaga ang intention at hidden agenda nyo? hmmmm nasa batas nga ba ang ginagawa nyo
in short, gsto nilang registered sa sec para maka singil sila ng tax. lahat na lang gsto itax.
How could they comply if you dont have rules and regulations set? God bless the Philippines SEC with some wisdom, please.
Mahirap sumagot pag di mo alam ang isasagot at pag alam mong mali ang isasagot mo
malaki ang kaltas sa local crypto exchange tapos ang pangit pa ng sistema
nauutal utal sa pagsagot hahahahah kinakabahan yata na magkamali sa sasabihin 😅
Maybe the SEC needs to be held liable for the money lost by investors because of their bans.
Parang mas nakakapagdulot pa sila ng perwisyo kay sa makatulong. Pag sinusubukan ng pinoy maka ahon, nagiging balakid pa ang mga ito.
Atty sa online class yan
The SEC's situation is quite concerning. They're asking Filipinos to invest in local exchanges, but there's uncertainty about missing funds from various banks and online platforms like EastWest Union and GCash. Meanwhile, Binance hasn't reported any missing funds.
not a binance fan but what you are doing is just adding more risks to our fellow Filipinos who need centralized exchanges to do cryptocurrency trading. instead of targeting a reputable exchange, you could have just focused your efforts on guarding us from scams / phishing sites.
hate this analogy pero this is similar from banning contraceptives lol. like, for real?
@@ValAllenSamonte Exactly. Idiot move by SEC but we can see their actual intention to encourage local CEX pero basura yung spreads at fees. lol.
@@TermiUA-camDi rin po maayos yung registration process kaya di na ko gumawa ng account. Panay maintenance din daw pag may mga crypto dips o kaya rallies. 😂
We've been using binance for so many years never had a problem but local exchange were irritating
The lacoste 😡...ban binance but not porn site. Si coins may kinalaman dyan wala kasi client...wala ako nakitang comment na kampi sa sec 😂😂
Di ka naman marunong mag explain..hindi malinaw..hindi mo sinasagot ang tanong .
Paano ba e ban yang SEC?
umm ummm ummmm ummmmmm. parang jebs na jebs lang. this reflects also the joke that our government is
Online sabong lang pwede sa Philippines at sugal😂 lala
The SEC wants control. Now what can u suggest as a replacement of Binance?...
Bakit ba ang hilig nyo gumaya sa mga ganap sa ibaang bansa na magpa pahirap sa mga nakahanap ng kaunting pag asa para mamuhay ng maayos -lalo na dito sa pinas?
Gusto nyo kze palagi kayo may porciento kahit sa kakarampot na perang pinagkaka kitaan ng gusto makaahon sa buhay?...
God Bless the Philippine
Ban the online casino
Bakit di di SEC Emilio Aquino ang sumagot sa mga tanong na yan. Nagtatago?
Ang labo ng sagot sana nmn nagpadala sila ng magalaing sumagaot mas malinaw yung ummmmm ummm pag lumipat sa local exchange pag malaki pera hino hold nila talaga kaya wala sila mappaala
Whoever this guy that represents this whole ban issue is so illiterate, I can't comprehend how this guy is a attorney? I'm convinced they just banned the platform just because they don't want people to make the FUTURE money of the world here in the Philippines. This is so crazy how we can see how corrupt this is. I can barely believe that Binance didn't try to work with them. This is a whole global company that they're talking about.
Banning binance cause they cant get any service fee on it. Why you dont you guys focus on Online Sabong, Online Casino or Online perya di niyo ma ban? kasi isa ba sa na nasa gobyerno ang nag papalakad ng mga platform nayan? opss
Edited : Transaction fee/Gas fee napakataas talaga ng local exchanger natin tsaka meron din additional charge like service fee, sa binance wla yan transaction fee lang talaga.
Yes, that true and this all start because of that problem. The reason why Bitcoin has been created is because of manipulation of the people that are in position or in the government and bank.
Apparently SEC is pushing for local exchanges such as CoinsPH, PDAX.
FYI Binance transaction in PH is around 80 billion dollars in 2023 alone. Laking tax nun yun ang habol nila.
Hay SEC PH!
SEC pa priority po muna ng SeedIn Crowdfunding bago po ang binance inuuna nyo pa binance ang SeedIn po ay naka register sa inyo parang walang update
Local exchange ang talaga gusto protektahan ng SEC, hindi ang pilipino people
nakita nila maganda at malaki volume ni binance gus2 lang nila makiburaot hehe
Wala nako maintindihan puro uum um um um um um um um wtf
Cuz the bullrun is coming..duhhhh🙄..transfer your coins to a HARD WALLET
SEC KASI SUNOG NA SUNOG SA PSE GUSTO LUMABAS DAHIL WALA VOLUME SA LOCAL TRADING . GRAB METALITY TALAGA...
When your resource person is not that prepared for the interview.
Local trade is a scam.
For sure! Yung trading sa local apps 1% yung fee tapos yung tubo 1% tapos may fee ulit. Edi sa kanila din napunta yung pera. Harap-harapan kang niloloko. Ang bagal pa magupdate amp haha karma for them
pag kayo kinasuhan nang binance yare kayo ubos kayo jan 😂
Ang google, apple, tiktok, youtube, microsoft etc. ba ay may SEC license to operate lahat dito sa Pilipinas?
Magtagalog na lng kc atty
Buti na lang anjan si Gretchen otherwise walang kwentang interview
more secure totoo ba? parang hindi naman pag daitng sa cph ang laki ng exchange fee
Porket hawak ko pag control sa trade
Then, you should ban also coinbase .
How about po the OFW like me who is using ETORO trading platform in Saudi Arabia? Are we going to be affected with the ban in the Philippines?
Oo nga how to pulled there investment out mahirap yan mkuha kung naka lock pa big loss talaga
Do not ban the platform right away!!!
Instead, create a negotiation panel to tackle the problems!!!!
local exchanges ang pasimuno nito.
Yang mga malalaking brokers sa Pilipinas. Merong scheme ang governnment the PERA retirement. But the brokers, insurance has all the hidden fees that make an investment due to high fees from the club of high fees. No one will compete them, who will they'll ended up like etoro and Binance by the government. 😅
i wonder what happened with etoro nowadays?? nawala na ba sila ng tuluyan? eto kasi mahirap sa walang license eh dagdag risk pa yung baka bigla na lang mawala
Binance only pay tax within us govt or what country they reg., it is not advisable to double tax an entity. Instead they should impose treaty to not tax binance or pay only sales tax or every transaction and not a company formation registration just like SEC said binance supposed to do.
That is why it’s better to transfer your crypto to a secure wallet. Do not leave it in exchanges
Buti nalang wala na ako sa Pinas. Hindi na tayo nakakasabay sa ibang bansa. Nung nag bakasayon ako jan 2 months ago. Iwan na iwan na talaga tayo.😢
Local exchanges daw! Alm mo b difference ng trading fee nila?
Banning Binance to protect investor money sounds like a solid plan-except for the part where it kinda backfires and locks people out of their own cash. Great job on protecting them from potential risks, but what about protecting them from your ban that just froze their assets?
Also, if the SEC’s plan is to show who’s boss by slapping a ban on platforms over fees, it’s like throwing a tantrum over a late fee and then locking someone out of their house. Seems a bit extreme, don’t you think? There’s gotta be a better way to handle this without causing a full-on financial meltdown for folks who just wanted to invest their money.
Sakit nyo sa tenga pakinggan. For pinoy naman tong report pero pinipilit englishin lahat.
Ummmm…
you want us to use pdax, ok where s futur S Short and long on Pdax, where s leverage ?
People lost money because of the ban. Do not expect us to respect you guys.
google lang po how to change DNS po para ma access ulit account ninyo
use vpn po
Paano po@@emmanuellorenzodiaz55
@@extraRICe022paano po
Walang Kwenta yan SEC sa pinas 😂