MANILA – The National Telecommunications Commission (NTC) has issued takedown orders against several unregistered online trading platforms following a formal request from the Bangko Sentral ng Pilipinas (BSP) to block access and protect the public from potential investment scams. The directive, announced on December 22, 2025, targets websites and apps offering high-yield forex, crypto, or stock trading without proper SEC or BSP registration, often promising unrealistic returns.
BSP Governor Eli Remolona Jr. welcomed the swift action: “These platforms operate illegally, luring Filipinos with false promises while exposing them to fraud risks—we appreciate NTC’s cooperation in safeguarding consumers.” The central bank flagged the entities after monitoring complaints and advertisements on social media, noting red flags like guaranteed profits, no-risk claims, and offshore registration.
The NTC’s Memorandum Circular requires internet service providers (ISPs) to block the domains and IP addresses immediately, with non-compliance punishable under existing telecom regulations. Affected platforms include those mimicking legitimate brokers but lacking Capital Markets Integrity Corporation (CMIC) or SEC licenses.
This joint BSP-NTC effort builds on 2025’s intensified crackdown on financial scams, with over P2 billion in reported losses from similar schemes. Victims are urged to report via BSP’s consumer assistance channels or SEC’s enforcement hotline.
In a digital age rife with quick-rich schemes, this takedown isn’t just technical—it’s timely protection, ensuring holiday bonuses stay safe from predatory platforms.
Action Snapshot:
| Agency | Role |
|---|---|
| BSP | Flagged unregistered platforms; requested block |
| NTC | Issued takedown orders to ISPs |
| Target | Unlicensed forex/crypto/stock trading sites/apps |
| Goal | Prevent fraud; protect public funds |