Coins.ph Denies License Revocation, Asserts Regulatory Compliance
Coins.ph has refuted claims of its Philippine central bank license being revoked, citing ongoing compliance with regulations.
Coins.ph has refuted claims of its Philippine central bank license being revoked, citing ongoing compliance with regulations. This is an original TLT brief based on reporting by Crypto Economy, with live market data added, as of Wed, 14 Oct 2026 19:00:06 UTC.
The clarification is crucial for Coins.ph users and investors as it addresses concerns about the platform's regulatory standing and the security of user funds amid allegations of improper transactions.
- Coins.ph denies license revocation by the Philippine central bank.
- The exchange asserts compliance amid allegations of offshore gambling transactions.
- User funds remain secure, according to the platform.
Coins.ph has publicly refuted claims that its license was revoked by the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines. The denial comes after reports suggested potential regulatory action against the platform due to alleged transactions involving offshore gambling operators.
In a statement, Coins.ph emphasized that it remains fully licensed by the BSP and assured its users that their funds are safe. The exchange also rejected allegations that it knowingly engaged in or facilitated improper transactions, though it did not provide specific details about the nature of these allegations.
The reports of a possible license revocation were not officially confirmed by the BSP at the time of Coins.ph's statement. This has led to a situation where the platform is pushing back against unverified claims that could affect its reputation and operations.
The development is set against the backdrop of increased regulatory scrutiny in the Philippines' crypto sector. The BSP has been actively working on strengthening its oversight of digital currency exchanges to prevent illicit activities, including those related to offshore gambling.
In the broader market context, the total crypto market cap stands at $2.81 trillion, with 
Bitcoin experiencing a 24-hour decline of 1.84%. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 62, indicating a cautious optimism despite the day's downturn.
Coins.ph Denies License Revocation, Asserts Regulatory Compl — questions & answers
What did Coins.ph deny about its license?
Coins.ph denied that its license was revoked by the Philippine central bank, the BSP.
Why is Coins.ph addressing these allegations?
Coins.ph is addressing the allegations to assure users of its regulatory compliance and the security of their funds.
What is the current state of the crypto market?
The total crypto market cap is $2.81 trillion, with Bitcoin down 1.84% in the last 24 hours.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.