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Philippines SEC Seeks Removal of Binance from Google and Apple App Stores

The SEC has identified [Binance] and concluded that the public’s continued access to these websites/apps poses a threat to the security of the funds of investing Filipinos.

  • The Philippines SEC has requested Google and Apple to remove the Binance app from their stores.
  • The SEC Chairperson emphasized that removing Binance’s applications could help prevent the spread of its illegal activities and protect the country’s economic interests.

Binance has been in the news, lately. And for good reasons, this time — it obtained a full VASP license in Dubai, and it even planned on re-establishing its presence in India. However, recently, things have turned a little otherwise for the crypto exchange. 

According to a press release, in separate letters, the Securities and Exchange Commission (SEC) of the Philippines has requested tech giants Google and Apple to remove the Binance app from their respective app stores for users in the Philippines.  

“The SEC has identified [Binance] and concluded that the public’s continued access to these websites/apps poses a threat to the security of the funds of investing Filipinos,” SEC Chairperson Emilio B. Aquino said in the letter.

Furthermore, Mr. Aquino asserts that by blocking and removing Binance's applications, it will curb the spread of its unlawful activities in the country and shield investors from its negative impact on the economy.

This comes after the SEC asked the National Telecommunications Commission to block access to websites operated by Binance in the country to halt its unlicensed investment solicitation activities.

Back in November last year, the SEC has cautioned the public about investing in and using Binance and has begun to explore the potential blocking of Binance’s website and other online activities in the Philippines.


Edited by Harshajit Sarmah

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