Coins.ph Launches Consumer Protection Drive With BSP
Coins.ph rolled out a consumer protection campaign in partnership with Bangko Sentral ng Pilipinas, formalized a security partnership with the Philippine National Police Anti-Cybercrime Group to strengthen its digital security infrastructure.
Key Takeaway
Coins.ph is betting on user education to cut fraud losses in a market where scams remain the biggest barrier to crypto adoption.
Coins.ph built its latest push around three pillars: Know Your Rights, Know Your Options, and Know the Risks.
The campaign targets Filipino users directly with fraud prevention tools and financial literacy materials. Coins.ph said a secure financial future starts with a well-informed Filipino, positioning education as the frontline defense against scams that have plagued Philippine digital finance users.
Bangko Sentral ng Pilipinas is backing the effort as regulatory partner. Coins.ph holds multiple BSP licenses including virtual asset marketplace, mobile wallet, foreign exchange, remittance and transfer, and money changing authorizations. The company exited the BSP Regulatory Sandbox for its Philippine Peso-pegged stablecoin PHPC in 2023, validating its compliance framework.
Coins.ph CEO Wei Zhou said the company operates within the highest standards of compliance, with BSP licenses ensuring every digital asset and fiat transaction is secure, regulated, and trustworthy. The platform formalized a security partnership with the Philippine National Police Anti-Cybercrime Group to strengthen its digital security infrastructure.
Coins.ph has operated in the Philippines since 2014, building out regulated infrastructure as the BSP tightened virtual asset oversight.
🇵🇭 What This Means for Filipinos: Coins.ph users now have BSP-backed fraud education resources critical in a market where unlicensed platforms still dominate trading volume despite SEC warnings. The Know Your Rights pillar gives Filipino users clearer recourse channels when disputes arise with licensed exchanges, a protection unavailable on offshore platforms. OFW remittance users can better evaluate which licensed channels offer both regulatory protection and competitive rates for crypto-to-peso conversions.
