Regulation· ★★★· bearish·

Philippine Central Bank Restricts Bank Transfers to Coins.ph

  • —BSP partially suspended inbound InstaPay and PESONet transfers to Coins.ph
  • —Restrictions target DCPay Philippines, the platform's e-money operator
  • —Outbound transfers and trading entity Betur Inc. remain unaffected
  • —Move signals tighter regulatory scrutiny of crypto platforms in the Philippines
Why it matters: Deposit restrictions could cut trading volumes on Coins.ph and raise pressure on other Philippine crypto platforms.
Source: Coinfomania
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