Coins.ph Suspends Incoming PHP Transfers Amid BSP Directive
Crypto exchange Coins.ph has suspended incoming peso transfers from major local banking channels due to a regulatory directive from the Bangko Sentral ng Pilipinas (BSP). The central bank instructed its operating entity, DCPay Philippines Inc., to enhance internal controls.
As a result, users cannot currently receive funds or cash in via InstaPay, PESONet, or incoming QRPh collection services. This restriction affects incoming transfers originating from external commercial banks, digital banks, and e-wallets across the Philippine payment network.
Cores wallet features and outbound transactions remain operational for all existing users. Coins.ph emphasized that customer account balances and wallet funds remain completely safe and held in accordance with strict BSP regulatory standards.