Apple

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/philippines-sec-moves-to-remove-binance-apps-from-stores/" data-wpel-link="internal">Philippines SEC Moves to Remove Binance Apps from Stores</a><br></p>
<p style="text-align: justify"><strong>Philippines Securities and Exchange Commission</strong> (<a href="https://en.coin-turk.com/junes-exciting-start-in-cryptocurrency-expert-opinion-on-bitcoins-direction/" data-wpel-link="internal">SEC</a>) announced its action to protect local investors by requesting the removal of <a href="https://en.coin-turk.com/binance-loses-market-share-from-75-to-54/" data-wpel-link="internal">Binance</a>‘s mobile applications from both Google Play Store and Apple App Store. In official letters sent to Google and Apple dated April 19, the Philippines SEC demanded the urgent removal of apps controlled by Binance.</p> 
<h2 style="text-align: justify" id="strong-philippines-sec-chair-there-are-legal-violations-strong"><strong>Philippines SEC Chair: There Are Legal Violations</strong></h2> 
<p style="text-align: justify">Philippines SEC Chairman <strong>Emilio B. Aquino</strong> emphasized the necessity of this measure, citing concerns over the security of Filipino investors’ funds and potential violations of the Securities Regulation Code, also known as Republic Act No. 8799.</p> 
<p style="text-align: justify">Chairman Aquino highlighted the Philippines SEC’s determination to manage identified risks arising from Binance’s operations, describing the continued accessibility of these applications as a threat to the financial well-being of Filipino investors.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-343522" src="https://coin-turk.com/wp-content/uploads/2024/04/Filipinler-Menkul-K%C4%B1ymetler-ve-Borsa-Komisyonu-Binance.jpeg" alt="" width="798" height="828"></p> 
<p style="text-align: justify">The Philippines SEC stated that the sale or offering of unregistered securities and operating as an unregistered broker are clear violations of regulatory standards, necessitating swift and decisive action to mitigate potential harm to investors and the broader economy. The regulatory body is calling for the removal and subsequent blocking of Binance’s mobile applications from Google Play and the App Store, aiming to prevent the proliferation of illegal activities and protect the public investing in cryptocurrencies.</p> 
<h2 style="text-align: justify" id="strong-prior-requests-made-to-ban-access-to-binance-strong"><strong>Prior Requests Made to Ban Access to Binance</strong></h2> 
<p style="text-align: justify">This regulatory intervention is part of the Philippines SEC’s broader efforts to counter unauthorized investment activities within the country’s borders. It is connected to previous actions, including requests to the National Telecommunications Commission to block access to Binance-related websites, demonstrating the regulatory body’s strong commitment to protecting investors and market integrity.</p> 
<p style="text-align: justify">The Philippines SEC’s approach prioritizes market stability and investor confidence while reflecting its unwavering commitment to regulatory sanctions and investor welfare. As the regulatory environment for cryptocurrencies, crypto companies, and exchanges continues to evolve in response to emerging technologies and financial innovations, regulatory bodies strive to fulfill their supervisory responsibilities, ensure compliance with established legal frameworks, and protect the interests of all market participants.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/philippines-sec-moves-to-remove-binance-apps-from-stores/" data-wpel-link="internal">Philippines SEC Moves to Remove Binance Apps from Stores</a></h5>

Philippines SEC Moves to Remove Binance Apps from Stores

Mục lục

COINTURK NEWS

Các bài viết khác được xuất bản trên 23 thg 4, 2024

PayPal Proposes New Incentive Scheme to Encourage Sustainable Bitcoin Mining

This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming?

Shiba Inu Price Jumps 20% After Bitcoin Halving, What’s Next ?

Top 5 Gaming Cryptos Spike Up This Week

‘I’ve moved on to other things’ — Satoshi Nakamoto’s final email revisited after 13 years

Middle East Sees 500K Daily Traders as Crypto Interest Surge

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!