Philippines blocks Coinbase, Gemini, and 48 other unregistered exchanges

The Philippine National Telecommunications Commission (NTC) has blocked access to 50 unregistered virtual asset service providers (VASPs), including Coinbase and Gemini, effective Dec. 22, Cointelegraph reported. The action was taken at the request of the country's central bank. This follows a similar move by the Philippines to block Binance in early 2024.