The restrictions coincide with confirmation by the National Telecommunications Commission (NTC) that it has ordered the immediate blocking of 50 online trading platforms without VASP (Virtual Assets Service Provider) license at the request of the Bangko Sentral ng Pilipinas (BSP).
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In 2024, Filipinos used Gemini for tasks like academic support, creativity, and content discovery in 2024.
The Commissioner emphasized the need for registration in offering securities, cautioning the exchange for providing unregistered derivatives in the country.
Get the latest updates in Philippine crypto and blockchain news with our comprehensive weekly roundup for May 29, 2023!
Read the latest news about Gemini in the Philippines, as they’re accused of violating the country’s securities laws.
BitPinas has curated the top 10 most popular cryptocurrency exchanges in the Philippines from February 4 to April 30, 2023.
