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

Blocking Unregistered Cryptocurrency Exchanges

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

The National Telecommunications Commission (NTC) of the Philippines 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...