Filipino cryptocurrency traders are facing a significant disruption as major internet service providers (ISPs) in the Philippines have begun blocking access to several prominent international crypto exchange platforms. This decisive action follows a series of warnings from the Securities and Exchange Commission (SEC) regarding the unregistered operation of these platforms within the country.
Reports have surfaced throughout the day confirming that users of ISPs like PLDT and Smart are now unable to access the websites and applications of a growing list of international cryptocurrency exchanges.
This move comes after the SEC issued an Investor Alert against ten specific platforms, urging the public to refrain from investing or trading with them due to their lack of necessary licenses under the Philippines' new Crypto Asset Service Provider (CASP) Rules, which took effect on July 5, 2025.
The list of crypto trading websites reportedly no longer accessible includes:
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- Binance
- OKX
- Bybit
- MEXC
- KuCoin
- Bitget
- Phemex
- CoinEx
- BitMart
- Poloniex
- Kraken
The SEC had previously warned that it may request the blocking of access to these websites and applications as part of its efforts to protect Filipino investors. The regulator emphasized the risks associated with using unregistered platforms, including the potential for fraud, loss of funds, and lack of legal recourse for investors.
This crackdown represents a significant escalation in the Philippine government's regulatory efforts within the cryptocurrency space. The SEC has been actively working to ensure that all entities facilitating crypto transactions within the country are properly registered and compliant with local laws. The earlier successful geo-blocking of Binance served as a clear indication of the regulator's intent to enforce these rules.
While access to these major international platforms is now restricted, the SEC has highlighted several registered local exchanges that Filipinos can utilize for their cryptocurrency trading activities. These compliant platforms include:
- PDAX: Accessible via both web and mobile applications.
- CoinsPH: Recognized as the largest Philippine-based cryptocurrency exchange.
- GCrypto: Integrated within the GCash application and powered by PDAX on its back-end.
- MayaCrypto: Available on the Maya platform, although currently without send and receive functionalities.
The blocking of these international exchanges serves as a stark reminder for cryptocurrency investors in the Philippines to exercise caution and prioritize trading on platforms that have secured the necessary licenses from the local regulatory authorities.
The SEC continues to urge the public to be vigilant and to only engage with entities that operate within the legal framework to ensure investor protection. The "crackdown has begun," signaling a new era of stricter regulation within the Philippine cryptocurrency market.
 in the Philippines have begu...&p[url]=https://www.morefunwithjuan.com/2025/08/philippine-isps-block-major.html&p[images][0]=https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7BY9dHsOPjwXnxWVW1x1dq7BY-BEuwQA2g4WeSep_0mzn_CCvGw22agL3Urbe1YiTPsxkWt4TLwuLt_kscAnHq8PII25MPiesvFEMSqNx1CkXVx6kuyvdxPORKQfXWwTIO3ax5vIOnTJpzuIl5QAV004pmKw0ahKS5LySzZD7HWuOOMYZVg1JyjOyhrw/w640-h360/Philippine%20ISPs%20Block%20Major%20International%20Exchanges.png){kind=link}
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