2025-12-24 10:29:50

Internet service providers in the Philippines have gradually blocked access to the two major exchanges Coinbase and Gemini. According to the Philippines Central Bank's tagging results, the National Telecommunications Commission has issued restrictions to ISPs involving approximately 50 platforms identified as unauthorized trading platforms, but the specific list has not been publicly disclosed.

This is not the first time the Philippines has taken action. As early as March 2024, the country had imposed blocking measures on a leading exchange, not only restricting online access but also requiring mainstream app stores to remove it. Recent actions by the Philippine Securities and Exchange Commission indicate that regulators are intensifying efforts to crack down on unauthorized trading platforms.

From a market perspective, this wave of regulation poses new challenges for compliant exchanges in the region. Investors need to stay updated on the latest policy changes in their area and choose platforms that are authorized locally for trading.

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PonziDetector

· 2025-12-27 07:15

The Philippines has started playing the lockdown game again, and compliant exchanges are being affected. The logic is really incredible. 50 blacklisted companies but not telling you which 50 companies they are, this is outrageous... How can investors defend themselves? Ban Coinbase and Gemini? Are they trying to push everyone to use small coin exchanges or what? With such strict regulation, the compliant platforms in Southeast Asia will have a tough time. But speaking of which, who profits the most from this wave... It’s definitely those underground exchanges. Personally intervening to ban visits, even deleting apps—Philippines is really getting desperate. No list, no transparency—such control is not far from just causing trouble for the sake of it.

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alpha_leaker

· 2025-12-25 14:32

The Philippines' move is really ruthless, even daring to ban Coinbase... It seems Southeast Asia is really about to change. Wait, the list of 50 platforms won't be announced? This operation is really a bit of a black box. It's both compliant and authorized, basically wanting to monopolize the local trading market. Can VPNs still be used? If they all get banned, the crypto scene in Southeast Asia will be devastated. Retail investors are in an even worse position now. Who knows which ones are "authorized"... With such strict regulation in the Philippines, are other ASEAN countries also going to follow suit? Is it surprising that Gemini was banned? It seems Coinbase's influence is even greater. The definition of unauthorized is so vague, it's a bit scary.

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GasFeeTherapist

· 2025-12-24 10:59

The Philippines is starting this again, big exchanges can't stop it, and small retail investors are finding it even harder. They closed Coinbase but dare to close Gemini? This is pushing everyone to underground exchanges. The specific list of 50 platforms is not published, so who can verify... It feels like the regulatory authorities haven't thought it through. Risks in Southeast Asia are really high; today you can trade, and tomorrow you might be banned. It's more reliable to manage your wallet yourself. By the way, are those platforms that are "authorized locally" really trustworthy? Or are they just wearing different disguises?

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ShibaMillionairen't

· 2025-12-24 10:59

The Philippines are at it again, with Coinbase and Gemini being blocked... Now Southeast Asian friends have to find a way. --- 50 platforms together pressed down, but the list is not public? That's outrageous, how am I supposed to know if the one I use will be the next? --- Compliance? In the Philippines, the definition is too vague, it feels like they just want to ban whoever they want. --- I've said it before, the overseas market is too complicated, always pay attention to local policies, or you'll be cut off suddenly. --- If Gemini dares to ban, it shows they are serious, not just playing around. --- If this continues, how can Southeast Asia become a Web3 hub? Policies change all the time, who dares to invest long-term there? --- Banned once last year, now again, it seems like they are just trying to push people out. --- The problem is, the list is not public, how can investors judge? They can only watch platforms being unplugged one by one. --- Opportunity for compliant exchanges is here, as long as they can survive in the Philippines, they are the winners. --- How many new users can this operation scare? Probably a large wave of users will run away.

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BearMarketBarber

· 2025-12-24 10:50

The Philippines is really tough this time, with Coinbase and Gemini both being blocked... It seems like global regulators are targeting top exchanges. Compliance has truly become a luxury, making it even harder for small retail investors. Blocking 50 exchanges? It feels like new countries are added to the blacklist every month... Basically, they want to push you onto platforms they approve of, with controlled fund flows being the real goal. How many detours do Filipinos have to take to trade now? Using a VPN? It feels like regulatory speed has increased this year in various countries. It's time to check whether the platforms you're using are truly compliant.

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GateUser-44a00d6c

· 2025-12-24 10:48

This move by the Philippines is quite aggressive; they even dared to ban Coinbase? It seems that regulations across Southeast Asia are tightening, and we need to find a way to get around it.

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MissedAirdropAgain

· 2025-12-24 10:30

Oh my god, Coinbase and Gemini are both blocked? Is the Philippines serious about this, with 50 platforms doing the same... Wait, am I about to miss another airdrop? Southeast Asian friends will probably have to find a way now, as the authorized platforms are decreasing. The Philippines already took action once last year, and now again... regulations are becoming stricter and stricter. Compliance platforms are raising prices as scheduled, monopoly is definitely coming. There must be more people trading through VPNs now... With this policy in place, small exchanges are directly cooling off, while larger ones might have a chance. I want to see how they regulate VPNs.

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