Philippines Crypto News: Coins.ph Faces a Big BSP License Question
Philippines Crypto News: Coins.ph License at Risk Over Gambling Ties
As of October 14, 2026, Philippines crypto news is led by reports that could lose its license.
Wu Blockchain reports that the Bangko Sentral ng Pilipinas is examining alleged links between the exchange and restricted offshore gambling operators.
No final BSP ruling has been published, so the license risk remains a report.
What Did the Reports Say About and the BSP?
Wu Blockchain’s post on X says, with over 18 million registered users, faces regulatory scrutiny over alleged transactions for restricted offshore gambling operators.
EyeWhales also covered this news in its tweet, saying the exchange could lose its license and reportedly faces central bank sanctions.
Detail | Reported fact |
Exchange | Coins.ph, 18M+ users |
Regulator | BSP |
Allegation | Offshore gambling transactions |
Possible outcome | License loss, unconfirmed |
Coins InstaPay Restriction: What Happened in September?
Per Wu Blockchain, the BSP acted in late September against DCPay Philippines, the e-wallet operator tied to the exchange.
Rails affected: InstaPay PESONet channels
Restriction: incoming peso transfers
Reason: not stated in either post
Users searching for Coins deposit not working issues should note that these peso transfer limits target incoming transfers only, as described in the post.
Coins.ph Gambling Links Explained: What Is Alleged?
The allegation behind this Philippines crypto news story is that the platform facilitated offshore gambling crypto flows for restricted operators.
Neither post names a specific operator, so readers looking for POGO crypto links will not find one here.
The BSP memorandum M-2025-029 gives official background. It ordered supervised institutions to remove in-app gambling links within 48 hours. It is a general directive, not an action against it.
Who Owns Coins.ph? Gojek and Joffre Capital Background
Wu Blockchain notes that Gojek bought Coins.ph for a reported $95 million in 2019. In 2022 it was sold to an investor group involving Joffre Capital and former Binance CFO Wei Zhou.
The same post says several senior crypto compliance executives have reportedly left.
Will Coins.ph Lose Its License?
Not confirmed. As of October 14, 2026, Philippines crypto news reports say Coins.ph could lose its license, but no BSP order or company statement confirming revocation appears in the posts cited here. Any decision on BSP sanctions would come from the central bank.
Is Coins.ph Safe to Use Right Now?
No official answer exists yet. users can check a platform’s registration in the BSP VASP directory, the official reference for any VASP license Philippines or crypto Philippines query.
Expert View: What Could This Mean for the Market?
Analysts following crypto regulation and Philippines crypto regulation 2026 may read the case as a test of how far payment-rail rules reach into crypto.
A confirmed penalty could raise Philippines crypto exchange risk for other platforms, while a settlement may ease it.
The BSP crypto crackdown Philippines has so far focused on gambling payments, and scrutiny may widen that focus.
For Philippines crypto news today, watch whether the publishes a statement and whether they responds.
Readers tracking crypto news today and license news today should expect news today Philippines, and wider crypto news, to turn on that response. Searches for coinsph may rise if cash-in access changes.
Disclaimer: This article is for information only and is not financial, legal, or investment advice. Crypto assets are volatile, and you can lose money. Verify details with official sources before making any decision.
