world’s largest cryptocurrency A new move came from the Philippines, where Binance stock exchange has been experiencing problems since 2023.
According to this Philippines SEC In his official statement today, he sent separate letters to Google and Apple dated April 19. In these letters, Removal of applications controlled by Binance from Google Play Store and Apple App Store respectively. he demanded.
“The Securities and Exchange Commission (SEC) is working with Google and Apple to remove apps operated by cryptocurrency exchange Binance from app markets accessible in the Philippines.
In separate letters dated April 19 to Google and Apple, the SEC requested the removal of apps controlled by Binance.com from the Google Play Store and Apple App Store, respectively.”
SEC Chairman Emilio B. Aquino said in the letter, “The SEC made certain findings regarding Binance and concluded that the public’s continued access to these websites/applications poses a threat to the security of Filipinos’ investment funds. Binance is violating the laws of the country. “At this point, we believe that removing and blocking Binance applications will prevent the further spread of illegal activities in the country and protect the investing public from its harmful effects on our economy.” said.
It may be recalled that the Philippine SEC warned the public against investing in and using Binance and began working on the possible blocking of Binance’s website and other online presence in the Philippines as early as November 2023.
At this point, the Philippine SEC states that it will continue to block Binance.
*This is not investment advice.
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