According to Cointelegraph, Coins.ph states that its Philippine central bank license is currently intact amid reports suggesting the possibility of revocation linked to alleged offshore gambling transactions.
The statement from Coins.ph addresses emerging claims that regulators may consider withdrawing its banking authorization. No details were provided about the nature of the regulatory review process, timing, or specific conditions under which a decision might be made. The central bank’s official position was not cited in the report.
Coins.ph did not comment on the accuracy of the reports regarding offshore gambling activities. The organization reiterated that its license status remains unchanged at this time based on available information.
