ECCP Urges Crackdown on Unlicensed Crypto Platforms in the Philippines

The European Chamber of Commerce of the Philippines (ECCP) is pushing for tougher enforcement against unlicensed crypto platforms, linking them to a surge in cybercrime and financial scams.

The ECCP cited reports showing how Filipinos lost an estimated over $8 billion to online crimes in 2024, saying it reflects the urgent need for regulatory intervention.

The group is calling for app removals, ISP-level blocking, and more proactive cybercrime monitoring.

#CryptoCrime #PHRegulation #DigitalSafety #CryptoCompliance