Coins.comh faces regulatory action from the Central Bank of the Philippines and license revocation risk

Coins.com is facing regulatory actions and license revocation risks from the Philippine Central Bank due to its involvement in providing services to overseas gambling platforms. The Central Bank of the Philippines has imposed restrictions on deposits made by major wallet operators of Coins.com this month. Several compliance department employees have resigned from Coins.com this year, including Chief Compliance Officer Lexi Herrera, as well as anti money laundering experts Chris Bea ñ o and Irish Calagui. (Source: Bloomberg)