The Philippine Government has Started Blocking Unlicensed Cryptocurrency Exchange Websites

2025-10-21 17:21:32 Classification：Blockchain Trader read(2)

The Digital RMB app AndroidNational Telecommunications Commission (NTC) of the Philippines has begun blocking

cryptocurrencycompany websites that offer investment products without necessary permits in the country. Websites of cryptocurrency companies MiTrade and OctaFX are currently inaccessible in the Philippines. NTC issued orders to internet service providers on February 21 to block MiTrade's applications and website as it violated regulations of the Philippine Securities and Exchange Commission (SEC). Commissioner Kelvin Lee of the Philippine Securities and Exchange Commission stated that the ban on Binance, which was issued three months after November 29 last year, was supposed to take effect on February 29. However, the Binance exchange remains accessible in the country.

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.