tinderclone
New member
Hi All,
For people here who had experience in using coins.ph and did a 'huge amount' transfer to a hardware wallet.I received an email that I need to provide more information of my transaction.
Email in the pic attached:Email from coins.ph
I did this, well because of the “Not your keys, not your coins.” rule.
Transferred around 150Kphp worth of BTC to my ledger.Plus you never know when coins.ph will close or have something catastrophic happening.
So do I have to do this? What if I just ignore this?
Email in text Form :
Hello there,
We are reaching out regarding your Virtual Asset transfer last November 2021.
As a duly registered Virtual Asset Service Provider (VASP) regulated by the Bangko Sentral ng Pilipinas (“BSP”), Coins.ph is required to collect information in order to process Virtual Asset (VA) transfers.
Given this requirement, Coins.ph customers must now provide the following information for any VA transfers exceeding ₱50,000.00:
Sending virtual assets to external wallets
Transaction Reference Number: xxxxxxxxxx
Amount: xxxxxxxxx BTC
Date of Transfer: November xx 2021
Receiving Platform: Other
Beneficiary's First Name: xxxxxx (Some random letters and numbers, not a name)
Beneficiary's Last Name: xxxxxx (Some random letters and numbers, not a name)
In line with the Financial Action Task Force’s (“FATF”) Travel Rule requirement (also under BSP Circular No. 1108), your cooperation is requested to supply updated, valid information about your VA transfer. [READ: Why do I need to put the recipient name for external transfers?]
We highly encourage you to fill out our Virtual Asset Transfer Form in order to update the missing details mentioned above:
For people here who had experience in using coins.ph and did a 'huge amount' transfer to a hardware wallet.I received an email that I need to provide more information of my transaction.
Email in the pic attached:Email from coins.ph
I did this, well because of the “Not your keys, not your coins.” rule.
Transferred around 150Kphp worth of BTC to my ledger.Plus you never know when coins.ph will close or have something catastrophic happening.
So do I have to do this? What if I just ignore this?
Email in text Form :
Hello there,
We are reaching out regarding your Virtual Asset transfer last November 2021.
As a duly registered Virtual Asset Service Provider (VASP) regulated by the Bangko Sentral ng Pilipinas (“BSP”), Coins.ph is required to collect information in order to process Virtual Asset (VA) transfers.
Given this requirement, Coins.ph customers must now provide the following information for any VA transfers exceeding ₱50,000.00:
Sending virtual assets to external wallets
- Recipient’s Name
- Destination exchange/platform
- Sender’s Name
- Sender’s wallet address
- Source exchange/platform
- Sender’s physical address, national ID number or date and place of birth
Transaction Reference Number: xxxxxxxxxx
Amount: xxxxxxxxx BTC
Date of Transfer: November xx 2021
Receiving Platform: Other
Beneficiary's First Name: xxxxxx (Some random letters and numbers, not a name)
Beneficiary's Last Name: xxxxxx (Some random letters and numbers, not a name)
In line with the Financial Action Task Force’s (“FATF”) Travel Rule requirement (also under BSP Circular No. 1108), your cooperation is requested to supply updated, valid information about your VA transfer. [READ: Why do I need to put the recipient name for external transfers?]
We highly encourage you to fill out our Virtual Asset Transfer Form in order to update the missing details mentioned above: