Coins.ph, Philippines’ Largest Crypto Exchange, Faces Central Bank Action Over Gambling Links
Photo: TheCoinrise
Reports indicate the platform could lose its license amid allegations tied to offshore gambling operations. 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.
Source: TheCoinrise
