Philippines orders removal of Binance from Google and Apple app stores
Publishing timestamp: 2024-04-23 09:31:10
Summary
The Philippines' Securities and Exchange Commission has ordered Google and Apple to remove cryptocurrency exchange Binance from their app stores due to accusations of offering unregistered securities and operating as an unregistered broker. Binance has been warned against by the SEC and urged Filipinos to close their positions or transfer their holdings to registered exchanges in the Philippines. This adds to Binance's recent legal troubles, including a $4.3 billion fine for alleged money laundering violations and lawsuits from the SEC and CFTC in the U.S.
Sentiment: NEGATIVE
Keywords: fintech, apple inc, alphabet inc, business news, breaking news: technology, technology,