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- 1Philippines crypto exchange Coins.ph faces central bank action▼Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action
Coins.ph, the largest cryptocurrency exchange in the Philippines, is reportedly facing regulatory action from the country's central bank. The report, carried by CoinDesk, gives no further details on the nature of the measures or their timing. Any action by Bangko Sentral ng Pilipinas would carry weight, as the bank registers and supervises virtual asset service providers operating in the country. The development is being watched closely amid tightening global scrutiny of crypto firms.
- 2Philippines Central Bank Restricts Coins.ph Over Gambling Ties▼Philippines Central Bank Restricts Coins.ph Inbound Rails Over Gambling Ties
The Bangko Sentral ng Pilipinas has moved to restrict inbound payment rails of local crypto wallet operator Coins.ph, citing the platform's links to online gambling transactions. The action limits how users can fund their accounts through the popular wallet, which is widely used for remittances and digital payments in the Philippines. The restriction raises fresh scrutiny of how crypto-finance services intersect with unregulated gambling activity in the country.
- 3Philippine central bank restricts deposits at crypto firm Coins.ph●🚨 El BSP restringe depósitos en Coins .ph y amenaza con revocar su licencia: 18M de clientes y $50M de volumen spot diar
Bangko Sentral ng Pilipinas has restricted deposits at Coins.ph and threatened to revoke its license, putting 18 million customers and roughly $50 million in daily spot volume at stake. No official reason has been given, and the crypto sector is reportedly worried the move could trigger wider disruption in the market.
- 4Coins.ph denies claims its Philippine central bank license was revoked●Coins.ph says Philippine central bank license intact amid revocation claims
Philippine crypto firm Coins.ph says its license from the Bangko Sentral ng Pilipinas remains intact, pushing back against claims that the central bank had moved to revoke it. The company issued the statement after reports circulated suggesting its virtual currency licence was under threat, and it maintains it continues to operate with full regulatory approval.