Philippines: Coins.ph denies offshore gaming claims

Homepage > News > Business > Philippines: Coins.ph denies offshore gaming claims TL;DR: Coins.ph, the Philippines’ largest digital currency exchange, has pushed back against media reports claiming it faces regulatory action over offshore gaming transactions—while the country’s tax agency outlines six digital projects for 2027 and a new ASEAN report reveals Filipino scam victims are disproportionately targeted through e-wallets. Key Takeaways: Coins.ph denies knowingly serving offshore gaming or gambling operators and says it complies with BSP and AMLC standards. Coins.ph says user funds are safe and expects to fully restore affected services soon. The BIR will fully roll out its Taxpayer Portal in 2027, alongside online VAT refund filing and phase two of e-invoicing. AMRO found that 74% of Filipino scam victims paid via e-wallets, well above the ASEAN average of 34%. Coins.ph responds to regulatory reports Coins.ph, considered to be the largest digital currency exchange in the Philippines with over 18 million users, has issued a formal statement denying that it knowingly served offshore gaming or gambling operators, following media reports that it may be facing scrutiny fr...