Philippine Binance investors sell USDT at a 5-7% discount after regulatory bans
2024-03-26 13:10:11
This week, the Philippine Securities and Exchange Commission requested the country's telecommunications regulatory agency to block cryptocurrency, which led to users starting to withdraw their funds from the cryptocurrency exchange. It is reported that merchants in the cryptocurrency P2P market are selling Tether's USDT at a 5% to 7% discount, and retail customers are also facing "huge" on chain trading costs.
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