Philippines Orders ISPs to Block 50 Unlicensed Crypto Platforms Including Coinbase and Gemini

This week, internet service providers in the Philippines began blocking access to 50 online crypto trading platforms, including major U.S.-based exchanges Coinbase and Gemini, after orders from national regulators. The National Telecommunications Commission acted on a request from the Bangko Sentral ng Pilipinas to restrict unlicensed virtual asset service providers under BSP Circular No. 1206, leaving many local traders facing frozen accounts and disrupted withdrawals.