--- title: "Philippines Blocks Coinbase and Gemini in Sweeping Crackdown on Unlicensed Crypto Platforms" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/270832366.md" description: "The Philippines has intensified its crackdown on unlicensed cryptocurrency platforms, blocking access to major exchanges like Coinbase and Gemini. This move, directed by the National Telecommunications Commission, aligns with the Bangko Sentral ng Pilipinas' push for stricter local crypto regulations. The crackdown reflects a shift from informal tolerance to active enforcement, with a focus on platforms lacking local licenses. While unlicensed access is restricted, licensed crypto firms continue to operate, highlighting the Philippines' regulatory stance favoring compliant platforms." datetime: "2025-12-26T08:13:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270832366.md) - [en](https://longbridge.com/en/news/270832366.md) - [zh-HK](https://longbridge.com/zh-HK/news/270832366.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/270832366.md) | [English](https://longbridge.com/en/news/270832366.md) # Philippines Blocks Coinbase and Gemini in Sweeping Crackdown on Unlicensed Crypto Platforms The Philippines has escalated its crackdown on unlicensed cryptocurrency platforms, with internet service providers beginning to block access to major global exchanges, signaling a decisive shift toward stricter enforcement of local crypto regulations. Users in the Philippines reported this week that access to cryptocurrency exchanges Coinbase and Gemini had been restricted across multiple internet service providers (ISP). Cointelegraph confirmed that both platforms were inaccessible nationwide, following regulatory action aimed at platforms operating without authorization. According to a report by the Manila Bulletin, the access restrictions were implemented after an order from the National Telecommunications Commission directed ISPs to block dozens of online trading platforms flagged by the Bangko Sentral ng Pilipinas, the country’s central bank. While the BSP did not disclose a complete list of affected platforms, regulators have made clear that local licensing is now the determining factor for whether crypto exchanges can operate in the country. The move reflects a broader transition by Philippine authorities from informal tolerance of offshore platforms to active enforcement, as regulators seek to bring crypto market activity under formal oversight. The blocks against Coinbase and Gemini follow earlier enforcement actions against other major crypto exchanges. In December 2023, Philippine regulators issued a 90-day compliance period to Binance, allowing users time to withdraw funds before a full ban was enforced. > 𝗧𝗛𝗘 𝗣𝗛𝗜𝗟𝗜𝗣𝗣𝗜𝗡𝗘𝗦 𝗔𝗥𝗘 𝗚𝗢𝗜𝗡𝗚 𝗔𝗙𝗧𝗘𝗥 𝗕𝗜𝗡𝗔𝗡𝗖𝗘 🇵🇭 > > The Philippine's Securities and Exchange Commission will block #Binance from being accessed in the country. > > /1 pic.twitter.com/UFwCzA1KUM > > — Dylan K (@MightyDylanK) April 25, 2024 On March 25, 2024, the National Telecommunications Commission ordered ISPs to block access to Binance, and the Securities and Exchange Commission later instructed Apple and Google to remove the exchange’s application from their app stores. After the ban took effect, the SEC said it could not recommend any methods for Filipino users to recover funds remaining on the platform. > ⬜️⬜️⬜️⬜️⬜️⬜️⬜️⬜️ > > PHILIPPINES 🇵🇭 > > S.E.C orders > > APPLE 🍏 & GOOGLE > > to remove #BINANCE from App Store. > > ⬜️⬜️⬜️⬜️⬜️⬜️⬜️⬜️ pic.twitter.com/Zyvv9Ta4cM > > — 💙 XRP 🦋 DigiGold 💙 (@XRP\_DigiGold) April 23, 2024 More recently, the SEC identified at least 10 additional exchanges, including OKX, Bybit and KuCoin, as operating in the Philippines without the required licenses, underscoring the breadth of the regulatory push. While access to unlicensed platforms is being curtailed, licensed and compliant crypto firms have continued to roll out services in the Philippines. In November, regulated local exchange PDAX partnered with payroll provider Toku to enable remote workers to receive salaries in stablecoins, allowing for peso conversion without wire transfer delays. In December, digital bank GoTyme launched crypto services following a partnership with US fintech firm Alpaca, enabling users to buy and hold a selection of digital assets directly within its banking app. Together, these developments highlight the Philippines’ regulatory stance: crypto activity is not being shut down entirely, but access is increasingly reserved for platforms that comply with domestic licensing requirements. ### 相關股票 - [Gemini Space Station (GEMI.US)](https://longbridge.com/zh-HK/quote/GEMI.US.md) - [Coinbase (COIN.US)](https://longbridge.com/zh-HK/quote/COIN.US.md) ## 相關資訊與研究 - [Google adds two new service tiers to Gemini](https://longbridge.com/zh-HK/news/281566349.md) - [14:34 ETGemini Space Station, Inc. Securities Fraud Class Action Lawsuit Filed; May 18, 2026, Lead Plaintiff Deadline](https://longbridge.com/zh-HK/news/281563884.md) - [Lupin to Up Stake in Philippines Unit](https://longbridge.com/zh-HK/news/281487478.md) - [GEMI UPDATE: Hagens Berman Alerts Gemini Space Station (GEMI) Investors to Securities Class Action Following 75% Post-IPO Collapse](https://longbridge.com/zh-HK/news/281270076.md) - [Gemini Space Station, Inc. Class Action Lawsuit: Investors Face May 18, 2026, Deadline | GEMI Stock News](https://longbridge.com/zh-HK/news/280881472.md)