Philippines
Odaily
Philippine Central Bank Restricts Fiat Deposit Channel for Local Crypto Exchange Coins.ph
- The restriction targets Coins.ph's peso fiat on-ramp, a key channel for users converting cash into crypto.
- The action was taken by the Bangko Sentral ng Pilipinas (BSP), the country's central bank and financial regulator.
- The move signals tighter regulatory scrutiny of domestic crypto exchanges' fiat payment rails in the Philippines.