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Headline : Philippines orders Apple, Google to remove Binance app from stores

Read more from the original article on here at technext24.com.





Tags : #philippines #orders #apple #google #remove #binance #app #stores



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The Philippines Security and Exchange Commission has ordered the removal of the Binance app from Google and Apple stores for users in the Philippines. According to the country’s regulator, the order has been necessitated by security threats to investors and the need to protect the local economy.

This move comes shortly after the SEC and the National Telecommunications Commission (NTC) blocked access to Binance websites on March 25.

According to a release from the Philipines SEC today, the companies received separate letters on April 19 regarding removing the apps in the local marketplaces. The regulator said that it is working with the Big Tech companies on the removal of “applications operated by cryptocurrency giant Binance”.

“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 statement said.

Read more from the original article on here at technext24.com.


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