Key Insights:
The Philippines blocked crypto exchanges like Coinbase and Gemini.
This follows Philippines Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas crackdown.
COIN stock and GEMI stocks slipped over 0.50% on Wednesday.
The Philippine regulators have blocked access to 50 unauthorized trading platforms. This action affected several crypto exchanges, including Coinbase and Gemini.
COIN and GEMI stocks dropped slightly after US investors heard the news. On Wednesday, Coinbase stock fell by 0.54%.
Coinbase and Gemini Crypto Exchanges Blocked in the Philippines
The Philippines’ National Telecommunications Commission (NTC) ordered internet service providers in the country to block crypto trading platforms.
The regulators in the country started enforcing local licensing rules for crypto service providers. The measures signal a clear intent to eliminate unregulated operators, even if they are global giants.
ISPs have blocked crypto exchanges like
We współpracy z: https://www.thecoinrepublic.com/2025/12/24/coinbase-gemini-among-50-blocked-by-philippines-regulators/
