Coins.ph Affirms Intact Philippine Central Bank License Despite Revocation Claims
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Authors:
- Ezra Reguerra, staff writer
- Robert Lakin, staff editor
Published: Oct 14, 2026
Coins.ph maintains that its Philippine central bank license remains valid despite reports suggesting otherwise. The claims stem from alleged offshore gambling transactions, leading to potential license revocation.
Coins.ph, one of the Philippines' largest crypto exchanges, with a 24-hour spot trading volume of approximately $52 million on Wednesday according to CoinGecko, denies any involvement with offshore gaming operators.
[Update, 11:00 am UTC: Added a response from a Coins.ph spokesperson.]
The exchange stated:
“Coins.ph firmly denies any claim that it knowingly serves offshore gaming or gambling operators. Our users’ funds are safe; we continue to operate as a BSP-licensed institution.”
While refusing to confirm or deny specific transactions, a Coins.ph spokesperson emphasized their commitment to adhering to Bangko Sentral ng Pilipinas (BSP) requirements, stating they “do not accept or permit such operators and continuously screens customers and transactions”.
BSP restrictions impact Coins.ph payment services:
An earlier BSP advisory instructed Coins.ph to strengthen its internal controls. As a result, cash-in services and QRPh collections are temporarily unavailable. Crypto trading, cash-outs, bill payments, and merchant QRPh payments remain operational.
Local media outlet BitPinas reported that the restrictions target DCPay’s payment operations, which operates Coins.ph’s peso e-wallet services, rather than Betur Inc.’s crypto asset services.
This development follows a 2025 BSP directive requiring supervised financial institutions to remove gambling website access links from their payment apps.