Coins.ph says Philippine central bank license intact amid revocation claims

However, the exchange did not directly confirm or deny whether offshore gambling operators had used its platform, regardless of its awareness. A spokesperson indicated an internal clarification would be sought but offered no further details at the time.

Earlier, Coins.ph announced that the BSP had directed it to enhance internal controls. This led to temporary disruptions in cash-in services and QRPh collections, though crypto trading, cash-outs, bill payments, and merchant QRPh payments were unaffected. Local media outlet BitPinas reported that these restrictions were enacted under BSP Monetary Board Resolution No. 839. The measures reportedly targeted DCPay's payment operations, which holds an electronic money issuer license, rather than Betur Inc.'s separate virtual asset service provider license for crypto services.

In 2025, the central bank mandated supervised financial institutions to remove access points to gambling websites from their payment applications. The BSP has not publicly connected this directive to the current restrictions on Coins.ph. Cointelegraph's attempts to confirm details with the BSP were pending comment at the time of publication.