The Philippines has blocked access to cryptocurrency exchanges Coinbase and Gemini as part of a broader crackdown on unauthorized trading platforms. The National Telecommunications Commission (NTC) acted on a directive from the Bangko Sentral ng Pilipinas (BSP) to restrict access to approximately 50 unlicensed exchanges, though the full list remains undisclosed. This follows the country's March 2024 ban on Binance and the removal of its app from stores. Additionally, the Philippine Securities and Exchange Commission (SEC) has recently identified OKX, Bybit, and KuCoin among 10 exchanges operating without licenses.