{"id":14490,"date":"2026-10-14T23:19:49","date_gmt":"2026-10-14T23:19:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14490"},"modified":"2026-10-14T23:19:49","modified_gmt":"2026-10-14T23:19:49","slug":"coins-ph-users-face-app-lockout-as-central-bank-intervenes","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14490","title":{"rendered":"Coins.ph users face app lockout as central bank intervenes"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Philippine crypto platform Coins.ph said users\u2019 funds were safe and that it was working to restore affected services in an Oct. 14 statement.<\/p>\n<p>The response follows news reports about offshore gaming transactions and the company\u2019s engagement with the Bangko Sentral ng Pilipinas (BSP), the Philippine central bank.<\/p>\n<p>A separate, undated company advisory on internal controls said the BSP directed Coins.ph to introduce enhancements to those controls. Coins.ph said it is working with the central bank to meet requirements within the regulator-set timelines.<\/p>\n<p>Coins.ph\u2019s assurances come as it acknowledges that it still needs to restore affected services. For customers, the message addresses the status of their funds and its operational plans in the same response. The return of those services remains expected, with details to follow.<\/p>\n<p>In the statement accompanying the X post, Coins.ph said it maintains strict controls to keep offshore gaming and gambling operators off its platform. It noted that it is committed to serving only legitimate, compliant businesses.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter cs-newsletter-brand\" data-newsletter-edition=\"catalyst\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\">\n<div class=\"cs-inline-newsletter__editorial\">\n<p class=\"cs-inline-newsletter__eyebrow\">The Catalyst<\/p>\n<p class=\"cs-newsletter-frequency\">Daily Newsletter<\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">Know what\u2019s moving crypto.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__art\" aria-hidden=\"true\"> <img loading=\"lazy\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Americans lost hundreds of billions on crypto speculation. Why is only some of it considered gambling?<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>On licensing, the company described itself as a regulated and licensed platform, adding on the statement:<\/p>\n<blockquote>\n<p>\u201cOur users\u2019 funds are safe; we continue to operate as a BSP-licensed institution.\u201d<\/p>\n<\/blockquote>\n<p>The company asserts that it remains licensed while assuring customers their money is safe.<\/p>\n<p>Coins.ph also said it continues to strengthen compliance and control functions and works closely with regulators to enhance its operations. Separately, the advisory said it is working to meet the BSP\u2019s requirements, without giving a completion date.<\/p>\n<p>The Oct. 14 statement expects full restoration \u201csoon,\u201d but does not identify the affected services, say when the disruption began, or provide a calendar date for their return. For users awaiting those services, it leaves the restoration timetable unspecified.<\/p>\n<p>Coins.ph said it will share further updates through official channels and asks users to follow them. The separate advisory promises updates as services are restored. Those updates are where the company says it will report progress, following its current reassurance about funds and its stated expectation of a return to full service.<\/p>\n<\/div>\n<p>Exchanges,Featured,Outage,Regulation#Coins.ph #users #face #app #lockout #central #bank #intervenes1792019989<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philippine crypto platform Coins.ph said users\u2019 funds were safe and that it was working to restore affected services in an Oct. 14 statement. The response follows news reports about offshore gaming transactions and the company\u2019s engagement with the Bangko Sentral ng Pilipinas (BSP), the Philippine central bank. A separate, undated company advisory on internal controls<\/p>\n","protected":false},"author":1,"featured_media":14491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2538,25,2430,7401,1229,7403,7402,360],"class_list":["post-14490","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-app","tag-bank","tag-central","tag-coins-ph","tag-face","tag-intervenes","tag-lockout","tag-users"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coins.ph users face app lockout as central bank intervenes - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Coins.ph says funds are safe as it works to restore affected services, citing continued licensing and gambling controls without giving a return date.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14490\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coins.ph users face app lockout as central bank intervenes\" \/>\n<meta property=\"og:description\" content=\"Coins.ph says funds are safe as it works to restore affected services, citing continued licensing and gambling controls without giving a return date.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14490\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-14T23:19:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14490\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14490\",\"name\":\"Coins.ph users face app lockout as central bank intervenes - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14490#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14490#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp\",\"datePublished\":\"2026-10-14T23:19:49+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Coins.ph says funds are safe as it works to restore affected services, citing continued licensing and gambling controls without giving a return date.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14490#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14490\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14490#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14490#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Coins.ph users face app lockout as central bank intervenes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Coins.ph users face app lockout as central bank intervenes - Crypto News: Latest Cryptocurrency News and Analysis","description":"Coins.ph says funds are safe as it works to restore affected services, citing continued licensing and gambling controls without giving a return date.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=14490","og_locale":"en_US","og_type":"article","og_title":"Coins.ph users face app lockout as central bank intervenes","og_description":"Coins.ph says funds are safe as it works to restore affected services, citing continued licensing and gambling controls without giving a return date.","og_url":"https:\/\/cryptonews.uk.com\/?p=14490","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-10-14T23:19:49+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp","type":"image\/webp"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=14490","url":"https:\/\/cryptonews.uk.com\/?p=14490","name":"Coins.ph users face app lockout as central bank intervenes - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=14490#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=14490#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp","datePublished":"2026-10-14T23:19:49+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Coins.ph says funds are safe as it works to restore affected services, citing continued licensing and gambling controls without giving a return date.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=14490#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=14490"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=14490#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coins-ph-protected-funds.webp","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=14490#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Coins.ph users face app lockout as central bank intervenes"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto &amp; Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14490"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/14491"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}