Coins.ph Reportedly Faces Philippine Central Bank Action
Coins.ph, described as the Philippines’ largest crypto exchange, reportedly faces regulatory action over transactions involving restricted gaming and gambling firms.
Philippine crypto exchange Coins.ph is reportedly facing regulatory action from the country’s central bank, according to CoinDesk.
The reported scrutiny concerns business transactions the exchange allegedly handled involving offshore gaming and gambling companies subject to restrictions.
CoinDesk describes Coins.ph as the Philippines’ largest crypto exchange, with more than 18 million customers. The source excerpt does not specify the potential regulatory measures or include a response from the company.
Source: CoinDesk
