2024

Apple

April

<h4><strong>The Philippines’ SEC has reportedly ordered Apple and Google to remove Binance from their app stores. </strong></h4>
<p>The regulator shared the announcement on Tuesday, April 23rd. The SEC said both tech giants received different letters regarding the removal. Let’s discover more about this important news for Binance.</p>
<h5><strong>Philippines SEC Orders Apple and Google to Remove Binance App</strong></h5>
<p><span style="font-weight: 400;">SEC Chairperson, Emilio Aquino, said local access to the exchange was a “threat to the security of the funds of investing Filipinos.” The SEC also accused Binance of operating as an unlicensed broker and offering unregistered securities to local users.&nbsp;</span></p>
<p><span style="font-weight: 400;">The SEC <a href="https://www.sec.gov.ph/pr-2024/sec-moves-to-remove-binance-app-in-google-apple-app-store/#gsc.tab=0" target="_blank" rel="noopener noreferrer nofollow">notes</a> that restricting access to the exchange would “prevent the further proliferation of its illegal activities in the country, and protect the investing public from its detrimental effects on our economy.”</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The Philippine SEC has demanded the removal of <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@binance</a> app from the Google Play Store and Apple App Store.<a href="https://t.co/fDEtZhyJOA" rel="noopener noreferrer nofollow">https://t.co/fDEtZhyJOA</a> <a href="https://t.co/dWrt8pNFEa" rel="noopener noreferrer nofollow">pic.twitter.com/dWrt8pNFEa</a></p>
 <p>— ICO Drops (@ICODrops) <a href="https://twitter.com/ICODrops/status/1782717041478123948?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 23, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">This comes weeks after the National Telecommunications Commission of the Philippines sought to restrict access to Binance websites within the nation. </span>The regulator stated that it is pushing Filipino investors in Binance to either cancel their positions or move their crypto holdings to other registered platforms.</p>
<p><span style="font-weight: 400;">An SEC spokesperson revealed that they recently gave Binance users a three-month window to enable the withdrawal of their cash from the exchange. Afterward, the regulator warned that it could not “endorse” other methods of retrieving their funds.&nbsp;</span></p>
<h5><strong>Regulatory Pressure for Binance</strong></h5>
<p><span style="font-weight: 400;">Binance has faced regulatory tensions in recent months. The exchange has had difficulties in Nigeria, France, the Netherlands, and Cyprus. Interestingly, the exchange <a href="https://www.altcoinbuzz.io/cryptocurrency-news/binance-faces-legal-problems-in-canada/" target="_blank" rel="noopener noreferrer nofollow">faced</a> a new lawsuit in Canada claiming it violated local securities laws.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> sued in Canada<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1e6.png" alt="🇨🇦" class="wp-smiley" style="height: 1em; max-height: 1em;"> for security Laws violation <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/aSC3rUeGFB" rel="noopener noreferrer nofollow">pic.twitter.com/aSC3rUeGFB</a></p>
 <p>— Ajay Kashyap (@EverythingAjay) <a href="https://twitter.com/EverythingAjay/status/1782985750977314882?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 24, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Last year, US regulators filed lawsuits against Binance for allegedly mishandling funds and running an unlicensed exchange within the country. Binance reached a settlement that involved Changpeng Zhao’s stepping down from the exchange.&nbsp;</span></p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/binance-face-removal-from-apple-and-google-in-the-philippines/" rel="noopener noreferrer nofollow">Binance Face Removal From Apple and Google in the Philippines</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Binance Face Removal From Apple and Google in the Philippines

Altcoin Buzz

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