Philippine SEC directs Apple and Google to remove Binance app over security risks and unregistered broker status.
The Philippine Securities and Exchange Commission (SEC) has directed Apple and Google to remove the Binance cryptocurrency exchange app from their respective app stores in the country, citing significant security risks to Filipino investors and potential negative impacts on the national economy. The SEC claims that Binance's continued access poses a threat to the security of Filipino investors' funds and that selling or marketing unregistered securities to locals and functioning as an "unregistered broker" violates the country's securities legislation.
April 23, 2024
22 Articles