CryptoCoinDeskabout 2 hours ago
Coins.ph Faces License Revocation
3 min read
Philippines crypto exchange Coins.ph faces potential license revocation from the central bank for serving offshore gambling firms. The 12-year-old platform, holding 75%-80% of peso-to-stablecoin liquidity, has over 18 million customers. Recent deposit restrictions via DCPay Philippines and the departure of compliance staff like Lexi Herrera precede this serious regulatory action.
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