- Major cryptocurrency exchanges blocked by Philippine ISPs following regulations.
- Coinbase and Gemini access disrupted in the Philippines.
- Regulatory shift impacts exchange access for local users.
Philippine Internet Service Providers began blocking access to major cryptocurrency exchanges like Coinbase and Gemini on December 24, 2025, following a directive from the National Telecommunications Commission.
This enforcement marks a shift in Philippines’ regulatory approach, emphasizing strict compliance and affecting crypto market access, potentially shaping investor strategies and local exchange dynamics.
Philippines Tightens Crypto Exchange Access Amid New ISP Blocks
Philippine regulatory intervention indicates a shift towards stricter enforcement of licensing for virtual asset service providers. Previously, a more tolerant approach prevailed, enabling wider access and operations. This move suggests increased scrutiny and regulatory alignment.
Market reactions remain muted and there have been no official public statements from affected companies such as Coinbase and Gemini. A representative insight into this scenario is the lack of statements from relevant bodies:
All actions taken by the BSP and NTC were orders and regulations without accompanying direct commentary from leadership.
The absence of commentary from key executives leaves questions about future strategies and regulatory influence.
Philippines’ Framework for Crypto Assets Against Tax Evasion
Did you know? The Philippines’ current approach mirrors historical precedents like the 2024 Binance ban, reflecting a pattern of enforcement intensifying in response to unregulated exchanges.
According to CoinMarketCap, Bitcoin (BTC) is currently priced at $87,468.48, with a market cap of $1.75 trillion. Bitcoin’s 24-hour trading volume has decreased by 28.58%, and its price has seen a minor 0.41% decline today. The cryptocurrency’s market dominance stands at 59.20% as of December 24, 2025.
The Coincu research team indicates that regulatory tightening in the Philippines could prompt exchanges to reconsider local operations, potentially leading to a more regulated but less accessible market. These actions align with global trends demanding stricter compliance.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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