Philippines Blocks Coinbase, Gemini as Crypto Licensing Rules Tighten
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Philippine regulators have mandated ISPs to block access to unlicensed crypto exchanges, impacting major platforms like Coinbase and Gemini. This enforcement reflects a crackdown on unauthorized digital asset service providers, while licensed firms such as PDAX are expanding their services in response.
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- Philippine regulators are enforcing licensing rules by ordering ISPs to block unlicensed crypto exchanges.
- Coinbase and Gemini join Binance among major platforms restricted for lacking local authorization.
- Licensed local firms like PDAX expand services as enforcement reshapes market access.
Internet service providers in the Philippines have begun blocking access to major global crypto trading platforms as regulators step up enforcement of local licensing requirements for digital asset service providers. As of Tuesday, users in the Philippines reported being unable to access Coinbase and Gemini, two of the world’s largest cryptocurrency exchanges.
According to a report by the Manila Bulletin, the blocks followed an order issued by the National Telecommunications Commission, which instructed ISPs to r…
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