Current outcome
BSP enforcement against Coins.ph continues with potential license revocation; deposit restrictions via DCPay Philippines remain and are not time-bound; compliance leadership departures add operational and regulatory pressure.
Progress timeline
3 material updates- #01
Philippine Central Bank Curbs Bank Transfers to Major Crypto Platform Coins ph
The Bangko Sentral ng Pilipinas partially suspended inbound InstaPay and PESONet bank transfers to DCPay Philippines, the e-money operator of leading local crypto platform Coins.ph, while outbound transfers and the separately licensed Betur Inc. trading entity remain unaffected.
Source evidence: wublockchainenglish
- #02
Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action
CoinDesk reports that BSP enforcement against Coins.ph is tied to serving restricted offshore gambling operators and could include license revocation; the DCPay Philippines deposit restrictions are reported as not time-bound, and neither BSP nor Coins.ph commented.
State after update: BSP's inbound InstaPay/PESONet transfer restrictions on DCPay Philippines remain, reportedly not time-bound; Coins.ph faces broader reported BSP enforcement over allegedly serving restricted offshore gambling operators, with potential license revocation.
Source evidence: CoinDesk
- #03
菲律宾最大CEX Coins ph或遭央行严厉处罚，严重情况下可能被吊销牌照
New reporting adds that multiple Coins.ph compliance executives have departed, including the chief compliance officer and AML monitoring head, and discloses it has over 18 million users, about $50 million daily spot volume, and controls roughly 75%-80% of Philippine peso-to-stablecoin liquidity.
State after update: BSP enforcement against Coins.ph continues with potential license revocation; deposit restrictions via DCPay Philippines remain and are not time-bound; compliance leadership departures add operational and regulatory pressure.
Source evidence: theblockbeats · wublockchainenglish