MANILA, Philippines — Soon, the mobile application of Binance will no longer be available in the Philippines, as the Securities and Exchange Commission (SEC) ramps up efforts to ban the cryptocurrency giant.
The corporate watchdog on Tuesday said it had already written to Google and Apple to formally request the removal of applications controlled by Binance from the Play Store and App Store, respectively.
SEC Chair Emilio Aquino said in their letter that the blocking of Binance’s mobile applications would “prevent further proliferation of its illegal activities in the country, and to protect the investing public from its detrimental effects on our economy.”
This comes after the SEC requested the National Telecommunications Commission to block access to websites used by Binance in the country.
The regulator in November 2023 warned the public against investing in and using Binance after finding that it had not secured a…
