# Philippine central bank moves against Coins.ph over alleged payments for offshore gambling firms

The country's largest crypto exchange, with more than 18 million customers, reportedly faces restrictions on bank deposits, though its crypto license remains active.

- Published: 2026-10-14T05:36:59.411Z
- Canonical: https://polylog.news/crypto/2026-10-14/philippine-central-bank-moves-against-coins-ph-over-alleged
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/10/13/largest-philippines-crypto-exchange-coins-ph-said-to-face-central-bank-regulatory-action), [crypto.news](https://crypto.news/coins-ph-faces-scrutiny-over-alleged-gambling-payments/), [Gambling Insider](https://www.gamblinginsider.com/news/30652/philippine-central-bank-to-tighten-rules-on-gambling-linked-transactions)

Coins.ph, the largest crypto exchange in the Philippines, is said to face regulatory action from the Bangko Sentral ng Pilipinas (BSP), the country's central bank. CoinDesk reports that the exchange handled business transactions for restric…

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