Binance app is no longer available in Philippines.

[BABY SHOES]

Can't they download the app through the Binance website directly? Which means Filipinos can still access Binance despite the news of the app's removal from the App Store.

I think it is bad practice to rely on users to download the right apk when they don't provide any hash, not to mention the direct update link from the app is referred to some mirror links that are not popular at all (at least that's how it goes the last time I read about this).

It's better to keep accessing the site directly rather than relying on apps that are clearly no longer available on the Play Store and other stores.
Sometimes people just want to be practical including myself still using the old version of the Binance App has not been updated again, if for example the app is slow because of the old version then still the site can still be relied on.

[Potato Chips]

I feel like their wording implies they might re-enter the Phillippines market though, but well, who knows. If it allows your local market to flourish I think that's not a bad trade. CMIIIW.

It's indeed a big who knows lol.

Binance has also expressed similar sentiment amidst the block warning -- last year!

Lastly, from another local news article, binance apparently hinted they would:

In an emailed statement, Binance said it is committed to align with Philippine laws.

“We acknowledge and respect the statement made by the Securities and Exchange Commission of the Philippines. At Binance, we are committed to aligning with applicable local regulations. Under our new leadership, we have taken proactive steps to address the SEC’s concerns,” Binance said. –

And then we have a statement from Philippine SEC indicating they did not try to register or made any effort

According to Atty. Paolo Ong, Officer-in-Charge of the SEC Philifintech Innovation Office, with Binance already operating without a license, the SEC had reached out to the platform but ultimately felt that Binance did not make any effort to get a license or engage in dialogue with them.

“As far as the SEC is concerned, there were no formal or official application to register in the Philippines.” - Atty. Paolo Ong, Officer-in-Charge of the SEC Philifintech Innovation Office

So I'm starting to wonder if this is one of their canned answers lol.

[Darker45]

~snip~

~snip~

Lastly, from another local news article, binance apparently hinted they would:

In an emailed statement, Binance said it is committed to align with Philippine laws.

“We acknowledge and respect the statement made by the Securities and Exchange Commission of the Philippines. At Binance, we are committed to aligning with applicable local regulations. Under our new leadership, we have taken proactive steps to address the SEC’s concerns,” Binance said. –

And then we have a statement from Philippine SEC indicating they did not try to register or made any effort

According to Atty. Paolo Ong, Officer-in-Charge of the SEC Philifintech Innovation Office, with Binance already operating without a license, the SEC had reached out to the platform but ultimately felt that Binance did not make any effort to get a license or engage in dialogue with them.

“As far as the SEC is concerned, there were no formal or official application to register in the Philippines.” - Atty. Paolo Ong, Officer-in-Charge of the SEC Philifintech Innovation Office

So I'm starting to wonder if this is one of their canned answers lol.

I'm not privy to what particular steps Binance may be taking away from the public, but I suspect this is them giving a canned response.

But if we are to believe the SEC, then Binance is saying one thing and doing another. Actions speak louder than words. The company has a significant market here. We don't expect them to just say, "we don't plan to abide with Philippine laws and intend to abandon the country's market."

They need to do some sweet talking to somehow appease their beleaguered patrons, even if they're actually doing nothing in reality.

[bhadz]

Thanks Binance but no thanks anymore, most of us have already pulled out the little funds that we've got there. We'll miss your launchpool and simple earn. 

I feel like their wording implies they might re-enter the Phillippines market though, but well, who knows. If it allows your local market to flourish I think that's not a bad trade. CMIIIW.

Yeah, that's how it should be but they've done that even before the SEC advisory but this is the first time that they've given any statement regarding this matter. But with that, I am not expecting anything positive to happen as of this moment but maybe in a couple of months, there could be some great changes that will allow us to get back on their platform without having any legal issues. With some of our countrymen that can still access Binance through desktop, they're still on it and gets into their launchpad as Binance can't confiscate their users money just because of this restriction from our SEC.

[EarnOnVictor]

-snip-
What do you think?

What I can only think of is that Binance is irresponsible, if I must say, they should not have allowed it to get to this level. I replied to a similar thread in February if I remember correctly, but then, it was only the website that was blocked and not the removal of the app from the app stores. It shows the high degree of the reluctance of Binance to cooperate with lawful authorities, which is sad. My country has a worse issue with Binance but the app is still working here. Let me believe the reason is that my country may not be so techy to the point of blocking the app but the website , and they might not have thought that the app should be removed from the store as well. Either way, it is still working, but I hardly have a penny in my Binance account anymore, I just don't want to be caught in this web.

I urge the people of the Philippines to do the same as well not because of the claims that their government is protecting their funds, it's a big lie, which funds are protecting? But because they need to join hands with the government to fight a tyrant from gaining from them and not try to cooperate to give back to the people of the Philippines in the form of taxes. Perhaps they want to continue with their money laundry activities because if Binance could be guilty of that in the US, I wonder how guiltier they would be in their global branch.

[Kavelj22]

Thanks Binance but no thanks anymore, most of us have already pulled out the little funds that we've got there. We'll miss your launchpool and simple earn. 

I feel like their wording implies they might re-enter the Phillippines market though, but well, who knows. If it allows your local market to flourish I think that's not a bad trade. CMIIIW.

It is not surprising that Binance will return to the Philippine market if it succeeds in negotiations with the authorities there. This can be predicted after the recent news regarding Binance in India, as after being banned for 4 months, Binance succeeded in reaching an agreement to pay a fine of 2 million dollars due to its failure to comply with Indian laws and thus return to activity according to certain conditions. This news was published on April 18, and I did not notice the news until today, when a member of my local section posted about it.
https://economictimes.indiatimes.com/tech/technology/binance-coins-a-new-phase-in-india/articleshow/109382161.cms?from=mdr

So, the same thing could work with the Philippines if there is a chance that the government will obtain an agreement against the charges against Binance (according to the settlement agreement) while ensuring the provision of a legal activity license under which the platform will return to the Philippine market (although I doubt that it have completely exited it as long as the links remain active.)

[bhadz]

Just an update: many of our fellow countrymen is still able to acces Binance through desktop whilst for the APP, they're having some connection issues. I have seen in other crypto communities on social media that many still uses Binance and yes, they're from our country and having no issues at all. But for me, I wouldn't take that risk until this issue is clear and our SEC gives a go-signal for Binance to re-operate although there's really no stoppage at all. Knowing our country, this is sad that they are not truly strict with implementation of the law.