# Coins.ph Maintains Central Bank License Amid Offshore Gambling Allegations and Deposit Restrictions

- URL: https://stocks.freetheai.org/news/coins-ph-maintains-central-bank-license-amid-offshore-gambling-allegations-and-484f1a
- Published: 2026-10-14T10:55:55Z
- Category: crypto; sentiment: mixed; impact: medium
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Coins.ph, one of the largest cryptocurrency exchanges in the Philippines, confirmed that its operating license from the Bangko Sentral ng Pilipinas remains fully intact. The announcement comes after reports suggested the platform faced potential license revocation over alleged payment processing linked to restricted offshore gambling operators. The exchange firmly denied knowingly facilitating transactions for illegal gaming entities and emphasized that customer funds remain safe.

The central bank recently ordered payment limitations on DCPay Philippines, the entity handling peso e-wallet services for Coins.ph. As a result, cash-in options and QRPh collection services are temporarily disabled. However, core functionalities such as cryptocurrency trading, cash-outs, bill payments, and merchant QRPh payments continue to operate without disruption. The platform handles roughly $52 million in daily spot trading volume, making operational stability critical for local crypto users.

Investors and platform users should monitor whether the central bank expands its operational directives or provides official clarification regarding DCPay. Attention will also center on how quickly Coins.ph can upgrade its internal compliance controls to satisfy central bank requirements and fully restore incoming fund transfers.

## Key points

- Coins.ph confirmed its central bank operating license remains active and valid.
- The Philippine central bank placed temporary restrictions on cash-in transfers for the exchange's e-wallet operator.
- Cryptocurrency trading, cash-out transactions, and bill payments remain fully operational.
- The company denied knowingly processing payments for restricted offshore gambling operators.

## Questions and answers

### Did Coins.ph lose its central bank license in the Philippines?

No, Coins.ph confirmed that its license from the Bangko Sentral ng Pilipinas remains active and intact, and user funds remain safe.

### Which Coins.ph services are currently restricted?

Incoming cash-in transfers and QRPh collection services are temporarily unavailable, while crypto trading, cash-outs, and bill payments remain accessible.

### Why did the central bank place restrictions on Coins.ph?

The central bank directed Coins.ph to strengthen internal controls following reports regarding transactions associated with restricted offshore gambling operators.