Coins.ph Says Bangko Sentral License Remains Valid Despite Revocation Claims

Coins.ph says it has not had its BSP license revoked despite reports that the Philippines’ central bank may move to cancel authorization tied to alleged activity involving restricted offshore gambling operators. The exchange claims it remains a BSP-licensed institution and says its platform is designed to screen customers and transactions in line with central bank requirements. The dispute centers on Coins.ph’s payment stack, particularly the cash-in services linked to DCPay Philippines, the company that operates Coins.ph’s peso e-wallet services.

Source: Crypto Breaking News