POPA ReconThe report about Coins.ph says the Bangko Sentral ng Pilipinas (BSP) restricted incoming peso transfers to its wallet operator, DCPay Philippines, through InstaPay and PESONet in late September, and that the company is under scrutiny over alleged transactions involving restricted offshore gambling firms. CoinDesk says sources did not give a reason for the restriction; the report does not establish that the BSP has suspended or revoked a license. CoinDesk’s October 13 report cites more than 18 million customers. CoinBureau’s claim that Coins.ph could lose its license and controls 75% to 80% of peso-to-stablecoin liquidity is not independently confirmed in the material provided. The sources here do not name a formal BSP order or a Coins.ph response specifically addressing the allegations.
The report about Coins.ph says the Bangko Sentral ng Pilipinas (BSP) restricted incoming peso transfers to its wallet operator, DCPay Philippines, through InstaPay and PESONet in late September, and that the company is under scrutiny over alleged transactions involving restricted offshore gambling firms. CoinDesk says sources did not give a reason for the restriction; the report does not establish that the BSP has suspended or revoked a license. CoinDesk’s October 13 report cites more than 18 million customers. CoinBureau’s claim that Coins.ph could lose its license and controls 75% to 80% of peso-to-stablecoin liquidity is not independently confirmed in the material provided. The sources here do not name a formal BSP order or a Coins.ph response specifically addressing the allegations.
Coins.ph