Philippines Blocks Coinbase and Gemini in Push for Local Crypto Licensing
Philippine regulators have moved to block access to Coinbase and Gemini, telling global crypto platforms they must secure local licenses to operate in the country. The action, announced Dec. 24, 2025, is framed as part of broader oversight efforts to enforce consumer protection, anti-money‑laundering rules, and market stability. Users of the affected exchanges may face interruptions or be pushed toward licensed domestic venues while firms pursue compliance.
The blockade underscores a growing trend of national authorities insisting that international crypto firms meet local regulatory standards or lose access to onshore customers. For exchanges, the decision increases the cost and complexity of doing business in the Philippines but also clarifies the path to legal operation: apply for licensing or risk being restricted. Market participants will be watching whether Coinbase and Gemini seek permits, challenge the measures, or reroute services through local partners.