[Philippines Blocks Coinbase and Gemini, Strengthens Regulation on Unlicensed Crypto Services] Philippine internet service providers (ISPs) have started blocking major cryptocurrency trading platforms Coinbase and Gemini. This move stems from the Philippine regulators' efforts to tighten local licensing requirements for virtual asset service providers. According to an order from the National Telecommunications Commission, ISPs have been instructed to restrict access to 50 online trading platforms operating without authorization from the Bangko Sentral ng Pilipinas (BSP). Although BSP has not released a complete list of affected platforms, this measure indicates that local licensing has become a key condition for market entry in the Philippine cryptocurrency sector.