Coins.ph May Face Regulatory Action from the Philippine Central Bank
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AI-assisted source synthesis · not an independent investigation.
On October 14, 2026, CoinDesk cited two people familiar with the matter as saying that the Philippine central bank is taking regulatory action against crypto exchange Coins.ph. The alleged violations reportedly include providing services to offshore gambling platforms; in serious cases, this could result in its license being revoked. The report also said that earlier this month, the Philippine central bank had reportedly restricted users from depositing into the exchange through Coins.ph's primary wallet company, DCPay Philippines, and that several compliance heads had left this year. Coins.ph has more than 18 million customers and controls approximately 75% to 80% of the peso-to-stablecoin liquidity in the Philippines.
AI-written from reports · updated 5 days ago
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- CoinDeskSelectedPhilippines’ largest crypto exchange Coins.ph reportedly faces central bank regulatory action
Two people familiar with the matter said the Bangko Sentral ng Pilipinas is taking regulatory action against crypto exchange Coins.ph over alleged violations involving the provision of services to offshore gambling platforms, which could, in serious cases, lead to the revocation of its license. Earlier this month, the Bangko Sentral ng Pilipinas reportedly restricted deposits to the exchange through its main wallet operator, DCPay Philippines, and several compliance executives also left this year. Coins.ph has more than 18 million customers and controls approximately 75%-80% of the Philippines’ peso-to-stablecoin liquidity.
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