Regulation· ★★★· bearish·

Coins.ph users locked out of app as Philippine central bank steps in

  • —Coins.ph confirmed an app lockout and said customer funds remain safe
  • —The BSP ordered the platform to tighten internal controls over offshore gambling operators
  • —The company says it still operates as a BSP-licensed institution
  • —No date was given for full restoration of services
Why it matters: Regulatory pressure on the Philippines' largest crypto platform could accelerate compliance tightening across the region's exchanges.
Source: CryptoSlate
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