Coins.ph has emerged as a leading digital wallet and cryptocurrency exchange in the Philippines. This article provides a comprehensive overview of Coins.ph's credentials, ensuring you have the information needed to trust this platform.
Coins.ph: Registered and Licensed
Betur Inc.: dba Coins.ph is registered as a Virtual Asset Service Provider (VASP). It holds multiple licenses from the BSP:
- Remittance and Transfer Company License: This allows Coins.ph to facilitate remittances and cash transfers.
- Electronic Money Issuer License: This enables the issuance of electronic money, offering users a secure way to store funds digitally.
- Money Changing (MC)/ Foreign Exchange Dealing (FXD) & Virtual Currency Exchange (VC): This license permits the exchange of cryptocurrencies, ensuring compliance with regulatory standards.
DCPay Philippines Inc.: Another entity associated with Coins.ph is DCPay, which is also registered with the BSP as an Electronic Money Issuer. This company enhances Coins.ph’s capabilities in electronic payments and remittances.
Compliance with Regulatory Standards
Coins.ph adheres strictly to the regulations set forth by the BSP, including:
- Anti-Money Laundering Act (AMLA): Coins.ph complies with AMLA to prevent illicit activities and ensure a secure environment for its users.
- ISO/IEC 27001:2013 Certification: This certification highlights Coins.ph's commitment to information security management, making it the first Philippine-regulated exchange to achieve such accreditation.
Frequently Asked Questions
What should I do if I encounter issues on the platform?
If you experience any problems or have concerns about your account or transactions, you can reach out to their customer support for assistance.