According to local media, the Binance app is no longer available on the Google Play Store in the Philippines.
Summary
- According to local media, the Binance app is no longer accessible in the Philippine Google Play Store.
- Philippine regulators have cracked down on non-compliant currency exchanges.
Users who search for “Binance” in the Philippine version of the app store will be redirected to listings for local exchange Coins.ph and region-specific versions such as Binance TH for Thailand and Binance TR for Turkey, said local media.
A user who went by the name “realitynofantasy” was seen on Reddit wondering if the disappearance was a technical bug or a signal of the exchange leaving the Philippine market on the official Binance subreddit. See below.
Filipino residents are also unable to access the crypto exchange’s main website, the report said. Screenshots and user testimonials reviewed by the outlet showed error messages such as “Privacy error” and “Site cannot be reached.”
At the time of writing, Binance had not issued a public statement on the app’s unavailability in the Philippines, but it could be linked to a regulatory crackdown on foreign exchanges led by the country’s Securities and Exchange Commission and the National Telecommunications Commission.
As previously reported by crypto.news, the SEC sent letters to both Google and Apple in late 2024, urging the tech companies to remove the Binance app from their respective Philippine app stores. The letter was sent just months after the National Telecommunications Commission blocked access to the exchange’s website nationwide.
At the time, the SEC said Binance offered unregistered securities to Philippine residents and operated as an unlicensed broker, in violation of the Securities Regulation Code.
The Philippines has that too blocked several other foreign exchanges that it believed were operating without a permit.
Binance has faced similar challenges in India, where it was fined by the country’s regulator for non-compliance. However, after paying a hefty fine, the exchange continues its operations as a registered entity.
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