ChainCatcher reports that according to Cointelegraph, internet service providers (ISPs) in the Philippines have begun blocking major cryptocurrency trading platforms, following regulators’ increased enforcement of local licensing requirements for cryptocurrency service providers.
Users have reported that Philippine users are unable to access global cryptocurrency exchanges Coinbase and Gemini, with multiple local ISPs blocking access to these platforms. The ISP blocking actions are carried out in accordance with orders from the National Telecommunications Commission. The directive instructs service providers to restrict access to 50 online trading platforms that have been identified by the Central Bank of the Philippines (BSP) as operating without authorization.
The Central Bank of the Philippines has not released a complete list of platforms affected by this order. However, this shift indicates that local regulators are moving from informal tolerance to active enforcement, with local licensing becoming a decisive factor for market access in the Philippine cryptocurrency market.
