Regulation· ★★★· bearish·

Philippines' largest crypto exchange Coins.ph faces central bank action

  • —Coins.ph serves more than 18 million customers
  • —The Philippine central bank is said to be preparing regulatory action against the exchange
  • —The claims involve transactions with restricted offshore gaming and gambling firms
Why it matters: Regulatory pressure on the country's largest exchange could restrict crypto access for Philippine users.
Source: CoinDesk
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