Binance Representatives Attend Philippine Senate Banking Committee Hearing According to local media reports on Wednesday, Deputy Governor of the Central Bank of the Philippines Chuchi Fonacier, Securities and Exchange Commission (SEC) Commissioner Emilio Aquino and members of the FinTech Alliance Philippines and the Cagayan Economic Zone Authority also attended the hearing.
The report states that this hearing focusHeading to Fintech Innovation and Consumer Protection, with Fonacier discussing the sandbox approach to regulation and Aquino discussing the security of digital assets, Binance representatives are Leon Foong, Director of APAC, and Philippines General Manager Kenneth Stern. It tells us about the security of the exchange and the Know Your Customer process.
Stern said, “78% of Filipinos still do not have a bank account. But crypto can help reduce that number. This is because crypto asset holders will soon overtake the number of credit card holders in the country.”
Binance said it stillsupportTraining Program for New Cryptocurrency Traders in the Philippines This Month and is negotiating with local universities about providing courses and certifications in blockchain technology.
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