BSP Imposes Ban on VASP License Application
The Bangko Sentral ng Pilipinas will not approve any new virtual asset service providers (VASPs) in the next three years.
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Regulation
All things regulatory and compliance.
SEC Cautions Public Not to Invest with Binance, Exchange Says Infrawatch Complaint is Misleading
[Breaking News] The SEC sent a response letter to Infrawatch, stating that Binance is not registered in the Philippines and cautions the public not to invest with the exchange.
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PH SEC Hails US SEC’s Move to Charge Forsage Scam Leaders
The local regulator said it is committed to hunting down investment scams so that no Filipino will be stripped of their hard-earned money.
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US SEC Cited Local Counterpart Over Forsage Cease-and-Desist Order
Last, August 1st, the US SEC announced that they have charged 11 individuals for their roles in creating and promoting Forsage.
Read more SEC Asked by Infrawatch PH to Ban Binance for Illegal Operations
For the third time, Infrawatch PH has requested the government to ban Binance in the Philippines. This time, with the SEC.
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SEC Warns Public Against Crypto Schemer Paynance
Paynance is offering investments to the public with a minimum amount of ₱500.00, with the promise of 8% daily earnings in just 25 days.
Read more BSP Governor: No Plans to Ban Crypto But What Social Good Does It Achieve?
What is Bitcoin’s saving grace? BSP Governor Felipe Medalla asked.
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BSP Reminds Banks To Strengthen Measures Against Money Laundering
The BSP has reminded banks anew to make sure their institutions will not be used for money laundering.
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G20 Watchdog to Propose Global Crypto Regulation By October
The FSB is an international body that monitors and makes recommendations about the global financial system.
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Proposed VAT on Digital Goods a Bad Idea, Says Former Solon
“This proposal is definitely anti-consumer and must be opposed, junked and buried,” he said in a statement.
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