Central Banks Cut Exchanges' Bank Access Over Illicit Flows
Regulators will increasingly discipline even licensed crypto exchanges by restricting their bank deposit and fiat access over anti-money-laundering failures, such as payments for illegal gambling, scams or sanctioned parties, rather than revoking their crypto licenses. Fiat banking access becomes the main enforcement lever and a recurring operating risk for large domestic exchanges.
forming · confidence 30 · Emerging (watchlist) · tracking since October 14, 2026 · updated October 14, 2026
Why the conviction moved
- Oct 14Strengthened
The Philippine central bank moved against Coins.ph, the country's largest crypto exchange with more than 18 million customers, over alleged payments for offshore gambling firms. The exchange reportedly faces restrictions on bank deposits while its crypto license remains active.
Source trail
Supporting · October 14, 2026
Philippine central bank moves against Coins.ph over alleged payments for offshore gambling firms
The Philippine central bank moved against Coins.ph, the country's largest crypto exchange with more than 18 million customers, over alleged payments for offshore gambling firms. The exchange reportedly faces restrictions on bank deposits while its crypto license remains active.
CoinDesk
Unlock full source trail, score history, and daily updates.
Unlock TrendsAffected regions & assets
Townsquare
Argue the thesis in Townsquare.