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Mmastodon BusinessCrypto first seen 4 d ago, last 4 d ago, peak #10

Philippine central bank restricts deposits at crypto firm Coins.ph

Original: 🚨 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.

Why now: A regulator restricting a major crypto platform serving millions of users, with no explanation, is alarming traders and customers.

Bangko Sentral ng PilipinasCoins.ph

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