Press Enter to search · ESC to close

Crypto Regulation

Coins.ph Says Philippine Central Bank License Intact Amid Revocation Claims

Coins.ph said its license from the Philippine central bank remains intact, pushing back on reports that it could be revoked over alleged offshore gambling transactions. The exchange did not say whether regulators have opened a review of the matter. The Philippine central bank has not commented on the reported revocation claims.

Original source

AI take

The dispute is less about the license itself than about who controls the narrative around it: an exchange publicly asserting regulatory standing while the regulator stays silent leaves the market to price in uncertainty. That matters for Philippine crypto users and any counterparty relying on Coins.ph's local permissions, since a licensing question touches custody and fiat rails, not just reputation. The open question is whether the central bank confirms, denies, or simply declines to engage — and whether the underlying offshore gambling allegation draws scrutiny beyond this one firm.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback