ChainCatcher news, according to Cointelegraph, Philippine internet service providers (ISPs) 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 both platforms. The ISP blocking actions are carried out under orders from the National Telecommunications Commission. The directive instructs service providers to restrict access to 50 online trading platforms identified by the Philippine Central Bank (BSP) as operating without authorization. The Philippine Central Bank 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 enforcement, with local licensing becoming a decisive factor for cryptocurrency market access in the Philippines.
