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OKX App Removed From Google Play Store in Philippines Amid Regulatory Crackdown

Guavy AI Editorial Team
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The OKX app has been removed from the Google Play Store in the Philippines.

This comes after regulatory enforcement actions by the Securities and Exchange Commission (SEC) against unlicensed cryptocurrency platforms.

In August 2025, the SEC issued an advisory flagging 10 international exchanges, including OKX, Bybit, KuCoin, Kraken, Bitget, and MEXC, for operating without required licenses under SEC Virtual Asset Service Provider rules.

The regulator cited risks to Filipino investors, including potential loss of funds, lack of legal recourse, and vulnerabilities related to money laundering and terrorist financing.

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