Coins.ph says Philippine central bank license intact amid revocation claims
Coins.ph says its Philippine central bank license remains intact amid reports of possible revocation over alleged offshore gambling transactions.
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What happened
Coins.ph says its Philippine central bank license remains intact amid reports of possible revocation over alleged offshore gambling transactions.
Reported details
- Coins.ph denied that its license had been revoked by the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, following reports of potential regulatory action over alleged transactions involving offshore gambling operators. The exchange said it remains licensed and that its users’ funds are safe. It also rejected allegations that it knowingly provides …
Why this matters
Coinsph sits on the regulatory side rather than the structural side: the useful question is which dated rule, if any, follows this notice, and who wrote it. A rule that is not published yet changes nothing about who may act today, so treat the pending text as pending rather than as settled.
Evidence boundary
The scope is limited to what the linked reports state, and where two of them diverge both positions are recorded without either being picked in advance.
What to verify
Before acting on Coinsph, read the dated rule text itself rather than a summary of it, and note which agency wrote it and whether the comment period is still open.
Sources and editorial check time
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Cointelegraph: https://cointelegraph.com/news/coinsph-says-bsp-license-intact-amid-claims-of-potential-revocation
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Crypto Economy RWA: https://crypto-economy.com/coins-ph-rejects-revocation-claims-confirms-philippine-license-intact/
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Editorial source check time: 2026-10-14T18:01:43.839Z
This information is educational and is not financial, legal, or tax advice.