Coins.ph, Philippines’ Largest Crypto Exchange, Faces Central Bank Action Over Gambling Links

Coins.ph, widely regarded as the top cryptocurrency exchange operating in the Philippines, is reportedly under regulatory pressure from the country's central bank. Two separate reports indicate the Bangko Sentral ng Pilipinas, known as BSP, is weighing action against the platform. At the center of the scrutiny are alleged connections between Coins.ph and offshore gambling operations. Reports suggest this could jeopardize the company's ability to continue operating under its current license. Neither report detailed the exact nature of the alleged links or the specific regulatory violations being examined. Coins.ph has built a significant presence in the Philippine financial technology sector.