Philippine Central Bank Intensifies Scrutiny on Coins.ph Amid Gambling Concerns

Community Trust Score Verified 86 % Real Verified 36 votes Updated 2 hours ago The Bangko Sentral ng Pilipinas is squeezing Coins.ph hard. The Philippine central bank has put the country’s biggest crypto exchange under heightened scrutiny over alleged transactions tied to offshore gambling operators — and the fallout is already hitting millions of customers. The scrutiny of Coins.ph by the Bangko Sentral ng Pilipinas highlights a growing regulatory focus on the intersection of cryptocurrency and gambling, which could lead to increased compliance costs and operational challenges for crypto exchanges operating in the region.

Source: The Currency Analytics