Coins.ph has confirmed that its license from the Philippine central bank remains valid despite circulating reports suggesting a potential revocation linked to alleged offshore gambling transactions. The company addressed the rumors to clarify its regulatory standing.
According to CoinTelegraph, Coins.ph emphasized that no official action has been taken to revoke its license. The fintech platform continues to operate under the supervision of the central bank, maintaining compliance with existing regulations.
For Japanese investors and market watchers, this development highlights the ongoing regulatory scrutiny fintech firms face in Southeast Asia, a region increasingly relevant for cross-border digital asset and payment services.