# 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.

- Conviction: 30 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-10-14T00:00:00.000Z
- Last updated: 2026-10-14T06:18:31.326Z
- Canonical: https://polylog.news/crypto/trends/central-banks-cut-exchange-banking-over-aml
- Publisher: Polylog
- Affected regions: Global

## Recent evidence

- [confirms] Philippine central bank moves against Coins.ph over alleged payments for offshore gambling firms (2026-10-14): 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.