Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
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Several of the crypto exchanges recently flagged by the Philippine Securities and Exchange Commission (SEC), including OKX, Bybit, KuCoin, and Kraken, are now reportedly inaccessible through PLDT’s internet network.
This was confirmed by BitPinas through Dvcode founder Eli Rabadon, who shared screenshots of the websites as they appear on Smart, which is effectively the same Internet Service Provider as PLDT.
The development comes not even one day after the SEC released an investor advisory warning the public against engaging with ten unregistered platforms operating without proper licenses under the agency’s new Crypto Asset Service Provider (CASP) Rules.
Industry observers point to NTC Memorandum Circular No. 001-01 s. 2025, which reportedly directs internet service providers (ISPs) to adopt certain DNS services. Theoretically, this allows the government to centrally manage which websites are accessible, including the ability to block platforms identified by the SEC or other authorities.
BitPinas has reached out to the SEC for confirmation and clarification.
This is a developing story: PLDT, Smart Block Unregistered Crypto Exchanges Flagged by SEC
What else is happening in Crypto Philippines and beyond?
