Philippines
Odaily
Coins.ph Faces Regulatory Action from the Philippine Central Bank, License May Be Revoked Over Services to Offshore Gambling Platforms
- Bangko Sentral ng Pilipinas (BSP) is taking regulatory action against Coins.ph, a licensed Philippine crypto exchange and e-wallet operator.
- The scrutiny centers on Coins.ph allegedly servicing offshore gambling platforms, a practice that may violate its license conditions.
- Coins.ph's operating license could be revoked as a result of the regulatory probe.