Crypto exchange Binance seeks critical licenses in Philippines, CEO says By Cointelegraph

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 (VASP) license, which allows the platform to legally facilitate the exchange of digital assets and the conversion of crypto to the Philippine peso.