“Those that act as salesmen, brokers, sellers or brokers, representatives, promoters, recruiters, influencers, endorsers, and enablers of Binance in promoting or convincing folks to spend money on its platform throughout the Philippines, even by on-line means, could also be held criminally liable below Part 28 of the Securities Regulation Code,” it mentioned within the discover, warning of fines of 5 million Philippine Pesos ($90,000) or as much as 21 years in jail.
