“But as a lawyer, I feel obliged to echo the advisory of SEC. And it should not matter whether it is a cease-and-desist order, the advisory is clear and we should take heed of that.”
Comparing the data from the September 2022 list, the April 2023 VASP list has now included XenRemit and excluded Rebittance.
Crypto exchange giant Binance announced that it plans to have a PH firm counterpart to be able to acquire a VASP License from the Central Bank.
The central bank’s Monetary Board approved the Regulatory Sandbox, or Test and Learn Framework, that will run for 12 months.
BSP seeks legislative proposals to regulate digital assets and clear rules defining what it can do.
BSP urges the public not to deal with Virtual Asset Service Providers (VASPs) that are either unregistered or domiciled abroad.
The stablecoin has entered the third stage of the BSP registration process for Virtual Asset Service Providers.
The bank’s customers will now be able to purchase and sell cryptocurrencies like Bitcoin directly from the UnionBank mobile banking app.
The Bangko Sentral ng Pilipinas will not approve any new virtual asset service providers (VASPs) in the next three years.
The BSP has reminded banks anew to make sure their institutions will not be used for money laundering.
