Coins.ph says Philippine central bank license intact amid revocation claims
Summary
Coins.ph denied knowingly serving offshore gambling operators and said it remains licensed by the Philippine central bank, with user funds safe. The BSP reportedly restricted DCPay Philippines, which operates the exchange’s peso e-wallet, after instructing it to strengthen controls. Cash-ins and QRPh collections were temporarily unavailable, while crypto trading, cash-outs, bill payments and merchant QRPh payments continued. Reports indicate the restrictions apply to DCPay’s payment operations, not Betur Inc.’s separately licensed crypto services. Coins.ph did not confirm or deny whether gambling-related transactions had passed through its platform, and the BSP had not publicly explained the restrictions.
