Regulation· ★★★· bearish·

Philippines' BSP Suspends Inbound InstaPay and PESONet Transfers for Coins.ph Operator

  • —BSP barred DCPay from receiving inbound InstaPay and PESONet credit transfers
  • —Outbound transfers and QRPh merchant payments remain unaffected
  • —Crypto trading runs under a separate Betur Inc. VASP license
  • —Cash-ins from BDO, BPI, UnionBank and GCash will be rejected
Why it matters: The order blocks fiat deposits into Coins.ph wallets but leaves withdrawals and crypto trading intact, limiting the impact on asset holders.
Source: BitPinas
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