Coins.ph faces Philippine regulatory scrutiny over alleged gambling payments

Philippine cryptocurrency exchange Coins.ph has reportedly come under increased scrutiny from the Bangko Sentral ng Pilipinas (BSP) over alleged transactions involving restricted offshore gambling operators, raising concerns about its regulatory standing. The allegations, disclosed in October 13 reporting citing people familiar with the situation, concern whether the exchange handled payments connected to offshore gaming businesses. Coins.ph has not publicly confirmed the allegations, and no official BSP finding establishing gambling-related misconduct was identified. However, the company has acknowledged that the central bank ordered improvements to its internal controls and restricted certain payment services.

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