Philippine Authorities Intensify Crackdown on Unregistered Exchanges, Blocking Access to Coinbase and Others

Blocking Access to Unregistered Cryptocurrency Exchanges

The Philippine regulatory authorities have intensified their crackdown on unauthorized cryptocurrency exchanges by blocking internet access to such platforms, as reported by Cryptonews on the 24th.

The National Telecommunications Commission (NTC) has instructed internet providers to immediately restrict access to 50 online trading platforms operating without permission.

Among the affected platforms are major US-based cryptocurrency exchanges such as Coinbase and Gemini. According to user reports...