The Philippine legal authorities, known as the Philippine Securities and Exchange Commission (SEC), want to remove various applications linked with Binance from different app stores. According to an announcement on Tuesday, Apple and Google were sent a request to remove their apps from their platforms on April 19.
The Philippines' Securities and Exchange Commission (SEC) is the latest regulator to bring the regulatory war to global crypto exchange Binance. Binance's blocking in the Philippines is a development that first surfaced in November last year.
The Philippines Securities and Exchange Commission (SEC) has taken a significant step by requesting Google and Apple to remove applications operated by Binance from their app stores. This move comes amid concerns about the security of investor funds and potential violations of securities regulations by Binance, a major cryptocurrency exchange.
The Philippines Securities and Exchange Commission (SEC) is looking to remove the Binance app from Google Play store and Apple's app stores nationwide.
The Philippines SEC mandates the removal of the Binance app from Google and Apple stores in the country citing security threats to investors and, potentially, the local economy.
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