The Philippines' National Telecommunications Commission has ordered ISPs to block access to 50 unlicensed cryptocurrency platforms, including major exchanges Coinbase and Gemini. This action follows directives from the Bangko Sentral ng Pilipinas to enforce licensing rules under BSP Circular No. 1206 to protect consumers and ensure financial stability. Regulators emphasize that funds lost on unregistered platforms will not have legal recourse, while promoting growth in licensed crypto services under new regulatory frameworks.