Coins.ph faces Philippine regulatory scrutiny over alleged gambling payments

Philippine cryptocurrency exchange Coins.ph has reportedly come under increased scrutiny from the Bangko Sentral ng Pilipinas (BSP) over alleged transactions involving restricted offshore gambling operators, raising concerns about its regulatory standing. Coins.ph faces reported regulatory scrutiny over allegations involving financial transactions linked to restricted offshore gambling. Philippine regulators restricted incoming InstaPay and PESONet transfers through DCPay, affecting Coins.ph wallet funding services. Coins.ph confirmed that cryptocurrency trading and outgoing transfers remain available despite restrictions on incoming deposits. The exchange operates through separate entities responsible for cryptocurrency services and electronic money payment operations.