Central Bank of the Philippines Restricts Fiat Deposits for Coins.ph

The Bangko Sentral ng Pilipinas has imposed a partial suspension on DCPay Philippines, the electronic money issuer behind Coins.ph, prohibiting the entity from receiving external funds via InstaPay and PESONet. While the crypto trading operations managed by Betur Inc. remain active, local bank deposits are currently affected. DCPay is still permitted to process outgoing transfers and QRPh merchant payments, and Coins.ph status reports indicate that deposit services are under maintenance.