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Headline : Philippines SEC orders Apple and Google to remove Binance from its app stores 

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





Tags : #philippines #sec #orders #apple #google #remove #binance #appstores


No. of Paragraph 24

The Philippines Security and Exchange Commission (SEC) has ordered Apple and Google to remove Binance app from their respective App stores for users in the Philippines.

According to CoinTelegraph, a press release by the SEC on April 23 said it is working with Apple and Google to remove applications operated by Binance, the biggest crypto exchange in the world. It confirmed that the big tech companies received separate letters to that effect on April 19.

Emilio Aquino, Chair of the SEC explained that Binance selling or offering unregistered securities to locals and acting as an unregistered broker is against the laws of the country’s securities regulation.

He added that by removing Binance applications from the Digital app marketplace the big tech companies would help reduce the spread of illegal activities in the country’s securities sector.

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


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