Headline: Binance app disappears from Philippine Google Play Store as regulatory pressure mounts The Binance app has reportedly vanished from the Google Play Store in the Philippines, local media and user reports indicate. Searches for “Binance” on the Philippine version of the store now return listings for local exchange Coins.ph and region-specific Binance apps such as Binance TH (Thailand) and Binance TR (Turkey), rather than the global Binance app. Philippine users have also reported being blocked from the exchange’s main website. Screenshots and testimonials reviewed by local outlets show errors like “Privacy Error” and “Site can’t be reached.” On Reddit, a user called “realitynofantasy” questioned whether the removal was a technical glitch or a sign that Binance is exiting the Philippine market. No official comment from Binance has been published so far. Observers note the move may be tied to an ongoing regulatory crackdown: in late 2024 the Philippines’ Securities and Exchange Commission (SEC) sent letters to Google and Apple urging removal of the Binance app from Philippine app stores, and the National Telecommunications Commission previously blocked access to Binance’s website nationwide. The SEC has accused Binance of offering unregistered securities to Philippine residents and operating as an unlicensed broker in breach of the country’s Securities Regulation Code. The Philippines has taken similar action against other foreign crypto platforms it determined were operating without the proper licenses. Binance has faced regulatory friction elsewhere too — in India it was fined for non-compliance but continued operating after paying a sizeable penalty and regularizing its status. This appears to be the latest development in a broader enforcement push against unlicensed foreign exchanges in the Philippines. We’ll update this story if Binance or Philippine regulators provide statements or additional information. Read more AI-generated news on: undefined/news

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