The Philippines has intensified its regulatory oversight on virtual asset service providers, leading to the blocking of major cryptocurrency exchanges Coinbase and Gemini. This move follows an order from the National Telecommunications Commission, which instructed local Internet Service Providers (ISPs) to restrict access to 50 online trading platforms deemed unauthorized by the Central Bank of the Philippines (BSP). The BSP has not disclosed the full list of affected platforms. This regulatory shift marks a significant change in the Philippines' approach to cryptocurrency, moving from a previously informal stance to stricter enforcement. The crackdown underscores the importance of local licensing for cryptocurrency exchanges seeking to operate within the Philippine market.
Philippines Blocks Access to Coinbase and Gemini Amid Regulatory Crackdown
This content is for informational purposes only and does not constitute investment advice.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.