According to local media, the Binance app is no longer available on Google Play Store in the Philippines.
summary
- According to local media, the Binance app is no longer accessible from Google Play Store in the Philippines.
- Philippine regulators are cracking down on non-compliant foreign exchange.
According to local media, users who search for “Binance” on the Philippine app store will be redirected to a listing on local exchange Coins.ph, as well as region-specific versions such as Thailand’s Binance TH and Turkey’s Binance TR.
One user who goes by the handle “realitynofantasy” was spotted on Reddit, questioning whether the disappearance was a technical bug or a signal for the exchange to exit the Philippine market on Binance’s official subreddit. See below.
Binance subreddit user report. Source: r/binance
Local residents in the Philippines are also unable to access the main website of the cryptocurrency exchange, the report added. Screenshots and user testimonials seen by the outlet showed error messages such as “Privacy Error” and “Site Cannot Be Accessed.”
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At the time of writing, Binance has not made any official statement regarding the app’s unavailability in the Philippines, but this may be related to the crackdown on foreign exchange regulations led by the country’s Securities and Exchange Commission and National Telecommunications Commission.
As crypto.news previously reported, 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 came 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 securities regulatory laws.
The Philippines also blocked several other foreign exchanges it deemed operating without licenses.
Binance has weathered similar challenges in India, where it was fined by the country’s regulators for violations. However, even after paying the hefty fine, the exchange continues to operate as a registered entity.
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