This warning is very timely as the government of the Philippines is already starting to imposed stricter rules on crypto industry.
No choice but to follow. Coins.ph is just following regulations given to them by the BSP so others should not blame them if they feel not comfortable with these terms and regulations by the exchange.
We should really expect that while crypto is becoming popular in every country, stricter regulations will be imposed on any crypto-related companies. There are alternatives to transact safely with gambling sites and that's more important.
Better than being in a country where crypto and gambling are totally banned.