Philippine Central Bank Curbs Bank Transfers to Major Crypto Platform Coins ph

Coins ph, one of the Philippines’ leading homegrown crypto platforms, is facing restrictions on local-bank deposits after the Bangko Sentral ng Pilipinas partially suspended inbound InstaPay and PESONet transfers to its e-money operator, DCPay Philippines, according to BitPinas citing a PPMI advisory. The restriction affects incoming bank transfers and certain QR payments, while outbound transfers remain available. Coins ph’s separately licensed crypto trading entity, Betur Inc., is not directly covered by the order. — link