Coinbase and Gemini Blocked in the Philippines Amid Crackdown on Unregistered Exchanges [Yahoo! Finance]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: Yahoo! Finance
Coinbase and Gemini are among the first to be targeted. The regulator has listed fifty non-compliant offshore exchanges. Internet service providers (ISPs) in the Philippines blocked major crypto exchanges on Tuesday, Dec. 24, as regulators started to crack down on unregistered digital asset platforms. Coinbase and Gemini are among the first casualties of a National Telecommunications Commission (NTC) order issued on Monday, Dec. 22, that listed 50 unlicensed virtual asset service providers (VASPs) identified by the country's central bank (BSP). The BSP first established a VASP licensing framework in February 2021, when it issued Circular No. 1108. However, as a small economy on the global stage, major crypto exchanges have shown little interest in securing the necessary permissions to operate in the Philippines. The first high-profile enforcement action occurred in 2024, when the country's central bank and securities regulator instructed the NTC to block access to Binance
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COIN
Earnings
- 10/30/25 - Beat
COIN
Sec Filings
- 12/23/25 - Form 4
- 12/22/25 - Form 144
- 12/22/25 - Form 4
- COIN's page on the SEC website