Coins.ph faces license revocation risk over alleged offshore gambling ties

Coins.ph, the Philippines' largest crypto exchange serving over 18 million users, faces potential license revocation from the Bangko Sentral ng Pilipinas over alleged ties to offshore gambling firms, putting 75-80% of peso-to-stablecoin liquidity at risk. The central bank has restricted the exchange's banking access over the alleged links.

Detected & updated continuously · Source: Nebula