Knowing that there really isn't a clear definition of what 'bitcoin' is in the Philippines, why would the platform immediately ban the account?
Back into the earlier years of service of coins.ph, government arent too strict when it comes to crypto specially the central bank and when bitcoins popularity increase and filipino users booms up making incoming and outgoing transactions involved millions of fiat cash then they are now making regulation which had been set.When we do read up on their ToS using it on gambling is indeed a violation.
Has anyone experienced the same thing?
Im a 2nd account user too because my main wallet is being blocked due i have using it to HYIP sites and other source of similar scheme and when regulation comes in with coins.ph by the government then they do block it out stating that i have violated their ToS. So, i decided to create a new one since i cant able to use anymore my wallet address since you dont possess its private keys which is really a disadvantage commonly on exchangers.