2025-12-25 04:26:07

The Central Bank of the Philippines (BSP) suddenly launched a major move, with over 50 international platforms being fully banned.

Last year, when a major exchange was banned, it already signaled a shift in the trend. This wave of escalation is serious—websites and apps are generally inaccessible, but VPNs can still bypass.

The market size is clear: the Philippine cryptocurrency market is about $5 billion, with over 20 million active users. This is not a small market, but regulatory attitudes are clearly tightening.

Just looking at the licensing thresholds shows how strict it is. By 2025, only 27 VASPs (Virtual Asset Service Providers) will be approved, including local platforms like Coins.ph. The problem is that most international giants haven't obtained official licenses yet, and this move is essentially a cleanup effort.

For exchange compliance progress, this is a signal—if you want to continue operating in the Philippines, taking the正规军 (formal/legal) route is a must.

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pvt_key_collector

· 7h ago

VPN is so popular, why bother with compliance... But then again, just banning 50 companies is pretty tough, it seems the Philippines is serious this time.

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GateUser-4745f9ce

· 7h ago

VPN this trick is really clever, regulators playing cat and mouse game, let's just be mice haha

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BearMarketSurvivor

· 7h ago

I’ve long thought of this VPN bypass trick, but the real question is—does this mean the $5 billion market in the Philippines is gone just like that? Only approving 27 VASPs until next year, this move is indeed ruthless. Local platforms get the meat, international giants sip the soup—typical trade protectionism. Compliance is the way to go, but don’t be too optimistic; once regulation shifts, it’s another set of rules in a minute.

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