[Just Doing Its Job] SEC Chair Defends Actions Against Binance
Unregistered firms, including crypto exchanges, operating in the country are hard to pursue when fraud happens, said SEC Chairperson Aquino.
![[Just Doing Its Job] SEC Chair Defends Actions Against Binance](https://bitpinas.com/wp-content/uploads/2024/05/Commissioner-Aquino-on-Binance-Ban-SEC-Is-Just-Doing-Its-Job-768x402.png "[Just Doing Its Job] SEC Chair Defends Actions Against Binance 1")
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The SEC warns against its unregistered status and advises caution to potential investors.
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Thailand Securities and Exchange Commission (SEC), inspired by moves in the Philippines and India, is shaping the crackdown on unauthorized crypto platforms.
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[After Long Silence] Binance Assures PH Users Following SEC Demand; Google, Apple Urged to Hear All Sides
Binance also stressed that the situation is just temporary.
Just In: SEC Seeks Google, Apple Assistance to Ban Binance App
The SEC moves with its intention to ban the Binance app in the Philippines by sending requests to Google and Apple to remove the app in their respective app stores.
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Crypto Industry Reacts to U.S. SEC Signaling Legal Action vs Uniswap
Locally, fears arise about potential Philippine SEC actions, while globally, the move is seen as a major threat to DeFi, garnering support for Uniswap Labs.
U.S. SEC Threatens Enforcement Action vs Uniswap | Key Points | Apr. 11, 2024
Bitcoin returns to $70K, while U.S. SEC is threatening legal action to DeFi platform Uniswap.
JUST IN: SEC Working to Shut Down Binance App in the Philippines
SEC also said they intend to shut down the Binance app that is still accessible despite the ban.