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<\/p>\nThe Securities and Exchange Commission (SEC) Philippines is facing mounting criticism from crypto traders who accuse the regulator of protecting underperforming local exchanges at the expense of investors.<\/p>\n
In a viral Facebook thread reacting to recent outages at Maya Crypto and other issues on local platforms, some social media posts alleged such disruptions happen \u201cevery time the market price is moving up.\u201d<\/p>\n
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\u201cThey don\u2019t want their customers to move their profits,\u201d one user alleged. \u201cThe PH SEC doesn\u2019t want to act on this kind of modus as long as they have a license to operate, they can do whatever they want.\u201d<\/p>\n
The SEC has yet to comment on these accusations. However, the backlash highlights growing frustration among traders who say downtime is more common in Philippine exchanges than in global platforms like Binance or OKX.<\/p>\n
Industry observers warn that without stronger consumer protection measures, users will continue moving their funds abroad, undermining the country\u2019s bid to grow its own fintech ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Securities and Exchange Commission Philippines is in the hot seat as traders allege local crypto platforms go down during bull runs to prevent withdrawals. \u201cThey can do whatever they want,\u201d one viral comment reads, accusing the SEC of turning a blind eye. #CryptoPH #SECPhilippines #Bitcoin #Ethereum<\/p>\n","protected":false},"author":1,"featured_media":261736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19571],"tags":[],"class_list":["post-261735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tech"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"3653":"grabe na toh \ud83d\ude2e\u200d\ud83d\udca8\r","3654":"ayos lang yan pero sana ayusin na din \ud83d\ude0c\r","3655":"di na ako mag llocal exchnge \ud83d\udcb8\r","3656":"down\r"}]},"yoast_head":"\n