The National Telecommunications Commission (NTC) has ordered internet service providers (ISPs) to immediately block access to dozens of unregistered online trading and virtual asset platforms, clarifying that the move was made at the request of the Bangko Sentral ng Pilipinas (BSP) and in line with existing financial regulations.
In a statement, the NTC said it issued a memorandum directing all ISPs to disable access to 50 online entities identified by the BSP as unlicensed or unregistered Virtual Asset Service Providers (VASPs) operating in the Philippines without proper authorization.
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