Coins.ph asserts its central bank license remains intact despite revocation claims

Coins.ph, a major crypto exchange in the Philippines that recorded approximately $52 million in 24-hour spot trading volume on Wednesday, stated it remains licensed by the Bangko Sentral ng Pilipinas (BSP) despite reports of potential license revocation over alleged transactions with restricted offshore gambling operators. The BSP restrictions targeted DCPay Philippines, the entity running Coins.ph’s peso e-wallet services, specifically affecting InstaPay and PESONet transfers, under BSP Monetary Board Resolution No. 839. Coins.ph denies knowingly serving offshore gaming operators and confirmed it continuously screens customers and transactions in line with BSP requirements.