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BSP cracks down on e-wallet gambling links
The Philippine Star
|August 27, 2025
The Bangko Sentral ng Pilipinas (BSP) has enforced a total ban on online gambling links in e-wallets, warning that failure to curb such activities could endanger the country's removal from the Financial Action Task Force (FATF) gray list.
On the sidelines of the 2025 Manila Tech Summit, BSP Governor Eli Remolona Jr. said the central bank earlier ordered e-wallet platforms and financial institutions to take out all gambling links embedded in their platforms.
"The suspension stands," he told reporters yesterday. "They had 48 hours to remove the links. That was the deadline.
But from then on, we're on suspension." Remolona said a few players were late in complying and were slapped with cease-and-desist orders, but they eventually followed the directive to remove in-app gambling access.
This story is from the August 27, 2025 edition of The Philippine Star.
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