Philippines Blocks Crypto Exchanges, Promotes Licensed Platforms
Update: 2025-12-24
Description
Philippine internet providers block access to major crypto exchanges, following regulatory crackdown. Users report inability to reach Coinbase, Gemini, and other platforms. National Telecommunications Commission orders providers to restrict unauthorized online trading platforms, marking a shift from past tolerance. Binance previously blocked, and regulators flag ten other exchanges for lacking licenses. Regulated players like PDAX and GoTyme launch new services, indicating a push for a safer, licensed crypto scene in the country.
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