Coinbase and Gemini Blocked as Philippines Enforces Rules
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Philippine regulators are enforcing licensing rules by ordering ISPs to block unlicensed crypto exchanges. Coinbase and Gemini join Binance among major platforms restricted for lacking local authorization. Licensed local firms like PDAX expand services as enforcement reshapes market access. Internet service providers in the Philippines have begun blocking access to major global crypto trading platforms as regulators step up enforcement of local licensing requirements for digital asset service providers. As of Tuesday, users in the Philippines reported being unable to access Coinbase and Gemini, two of the world’s largest cryptocurrency exchanges. The NTC has ordered local ISPs to block 50 unlicensed crypto platforms, including Coinbase and Gemini. The order, requested by the Central Bank (BSP), aims to stop “unauthorized” VASPs from targeting Filipino users. #Coinbase #Gemini pic.twitter.com/g38kn4DW0J — Conor Kenny (@conorfkenny) December 24, 2025 According to a report by the Manila Bulletin, the blocks followed an order issued by the National Telecommunications Commission, which instructed ISPs to restrict access to 50 online trading platforms identified by the Bangko Sentral ng Pilipinas as operating without authorization. The central bank did not release a full list of the affected platforms, but the enforcement action signals a clear policy direction toward stricter adherence to domestic licensing rules. Coinbase and Gemini Follow Binance in Access Restrictions The restrictions on Coinbase and Gemini add to a series of enforcement actions taken against unlicensed crypto exchanges. In December 2023, Philippine authorities initiated a 90-day compliance period for Binance, providing users with time to withdraw funds before access restrictions were imposed. On March 25, 2024, the telecommunications regulator ordered ISPs to block Binance’s platform. Nearly a month later, the Securities and Exchange Commission directed Apple and Google to remove Binance’s application from their app stores. Following the enforcement of the ban, the SEC stated that it could…
Filed under: News - @ December 24, 2025 8:23 pm