Is Coins.ph regulated by BSP?
Coins.ph, a leading cryptocurrency platform in the Philippines, is fully regulated by the Bangko Sentral ng Pilipinas (BSP). It holds licenses for both virtual currency and electronic money issuer, making it one of the first cryptocurrency companies in Asia to have such recognition from a central bank.
Does Coins.ph require KYC?
I am wondering if Coins.ph requires KYC. I need to know this information because I am considering using their services and want to make sure I understand their requirements.
Is Coins.ph centralized or decentralized?
I'm trying to understand the structure of Coins.ph. Specifically, I want to know if it is a centralized platform or a decentralized one.
Is Coins.ph legal in the Philippines?
Coins.ph is a digital wallet and payment platform operating in the Philippines. Its legality in the country is often questioned due to the complex regulatory environment for financial technology companies. However, Coins.ph has obtained necessary licenses and permits from the Philippine government to operate legally. The company complies with local laws and regulations, including those related to anti-money laundering and consumer protection. Therefore, Coins.ph is considered a legal and regulated entity in the Philippines.
Can Coins.ph be used abroad?
I'm wondering if I can use Coins.ph when I'm traveling outside of my country. Is it possible to access and use Coins.ph services internationally, or is it limited to a specific region?