Apple

April

Coin

<ul class="news-points">
 <li>SEC instructs Google and Apple to remove Binance apps in the Philippines, citing security threats to investors’ funds.</li>
 <li>Aquino highlights Binance’s violations of securities regulations, leading to the proactive removal of its apps.</li>
 <li>SEC warns against investing in Binance, emphasizing its lack of necessary licensing.</li>
</ul>
The Securities and Exchange Commission (SEC) of the Philippines has directed Google and Apple to remove the Binance app from their respective app stores. A press release by the SEC disclosed that this instruction was contained in separate letters addressed to the tech giants on April 19.
SEC Chairperson Emilio B. Aquino stated, “The SEC has identified [Binance] and concluded that the public’s continued access&nbsp; to&nbsp; these&nbsp; websites/apps&nbsp; poses&nbsp; a&nbsp; threat&nbsp; to&nbsp; the&nbsp; security&nbsp; of&nbsp; the&nbsp; funds&nbsp; of investing Filipinos.” Aquino asserted that Binances’ sale of unregistered securities and operation as unregistered violates the “Republic&nbsp; Act&nbsp; no.&nbsp; 8799,&nbsp; or&nbsp; The Securities Regulation Code.”&nbsp;
He further stressed that blocking and removing the Binance app will mitigate potential risks to the investing public and safeguard the national economy. This …
The post <a href="https://coinedition.com/philippines-sec-orders-binance-from-app-removal-from-app-stores/" rel="noopener noreferrer nofollow">Philippines SEC Orders Binance from App Removal From App Stores</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Philippines SEC Orders Binance from App Removal From App Stores

Coin Edition

Other articles published on Apr 24, 2024

Dogwifhat (WIF) Price Skyrockets Over 25%, Here’s Why

BNB price prediction amid $1 billion token burn

Bandit Network's Points SDK and Brave Ads Power Astar zkEVM's Quest Platform "Yoki Origins" (24 Apr)

Dexalot Launches Central Limit Order Book (CLOB) DEX on Arbitrum

Top Solana Meme Coin WIF Skyrockets 23% to Overtake XRP Rival

Moon Keynote Teaser Launch: BlockDAG Leads in Crypto Innovation with $20M Presale, While Bitcoin ...

Join our free newsletter for daily crypto updates!