Philippines blocks Coinbase and Gemini; NTC targets about 50 unlicensed platforms

On December 23, Philippine internet providers began blocking access to major exchanges including Coinbase and Gemini as regulators enforced local licensing rules. Manila Bulletin reported that the National Telecommunications Commission directed carriers to restrict around 50 platforms lacking Bangko Sentral ng Pilipinas authorization. Authorities had earlier moved against Binance, culminating in a shutdown order on March 25, 2024.