Coins.ph, Philippines' largest crypto exchange, faces central bank regulatory action

Coins.ph, Philippines' largest crypto exchange, faces central bank regulatory action

The exchange, which has over 18 million customers, is said to have handled business transactions involving restricted offshore gaming and gambling companies.

Philippines Restricts Coins.ph Banking Access Over Alleged Offshore Gambling Links

The Philippines’ central bank has restricted banking access for Coins.ph, one of the country’s largest cryptocurrency exchanges, amid allegations that its payment infrastructure processed transactions connected to prohibited offshore gambling operations. The Bangko Sentral ng Pilipinas (BSP) suspended incoming transfers to DCPay Philippines, the electronic money issuer operating Coins.ph’s peso wallet services, on September 29.… Continue reading…

Coins.ph Faces Regulatory Scrutiny Over Alleged Gambling Links

Coins.ph is facing scrutiny from the Central Bank over alleged gambling links. This could impact its operational license — here's why it matters.

Coins.ph Faces Philippine Central Bank Action Over Alleged Links to Offshore Gambling Firms

Bank transfers into the exchange have been blocked since late September, and people familiar with the matter say the alleged violations could cost it its license to operate.

Coins.ph faces potential license loss over alleged offshore gambling links

The potential license loss for Coins.ph could undermine trust in crypto exchanges, impacting user confidence and regional regulatory approaches.

Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action

Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action The exchange, which has over 18 million customers, is said to have handled business transactions involving restricted offshore gaming and gambling companies. The infractions, said to involve serving…