Philippine ISPs Block Major Crypto Exchanges Under Regulatory Order

Philippine ISPs began blocking major cryptocurrency exchanges like Coinbase and Gemini on December 22, 2025, following the National Telecommunications Commission’s order targeting unlicensed platforms.

This action underscores regulatory efforts to ensure compliance and prevent financial risks, affecting exchange access but not individual assets.

Major ISPs Restrict Access to Coinbase and Gemini

Philippine ISPs have implemented blocks on major cryptocurrency platforms including Coinbase and Gemini. This action was ordered by the National Telecommunications Commission and requested by the Bangko Sentral ng Pilipinas. The move aims to ensure that cryptocurrency exchanges comply with local licensing requirements.

Blocked access is part of a broader regulatory effort by the BSP to enforce registration for digital asset trading platforms deemed unlicensed. The list of affected platforms includes 50 exchanges flagged by the BSP but does not explicitly state which cryptocurrencies are involved.

The market response remains muted as no significant reactions from key industry figures or changes in trading volume have been reported. Regulatory efforts in the region have previously targeted other platforms like Binance, reflecting ongoing scrutiny in the sector.

Ongoing Regulatory Actions and Their Global Implications

Did you know? The Philippine action against unlicensed virtual asset service providers echoes a similar 2024 case where Binance faced ISP blocks. This highlights a continued regulatory focus on enforcing compliance for digital platforms.

Ethereum (ETH), currently priced at $2,946.74 with a market cap of 355657093333, 2, represents 11.98% market dominance. Today, CoinMarketCap data shows daily trading down 36.39% at 11011592149, 2, yet maintaining a 0.21% price uptick over the last 24 hours.

Coincu’s research indicates ongoing regulatory actions could shape financial policies in the region, potentially affecting technological adoption trends. As regulators enforce stricter compliance, the broader impact on global cryptocurrency exchanges may lead to evolving practices within the industry.