The FATF wants its member countries to enforce AML and terrorist financing rules (TFC) on crypto providers.
The BSP has reminded banks anew to make sure their institutions will not be used for money laundering.
Atomtrans Tech Corp, a financial provider licensed by the Bangko Sentral ng Pilipinas (BSP) partners with Coinfirm, a London-based blockchain technology company focused on compliance as a service to strengthen the security and transparency of locally licensed exchange.
It’s one of those weeks where people have realized just how much power they can have if they just work together.
Elon Musk pumps up the Bitcoin price while Dogecoin flies to the moon. I think it’s still there.
In a security perspective, identity verification adds an extra layer of protection by ensuring that no one except you is able to use your credit/debit card payment information for an exchange.
The AML Law is strictly followed by PH crypto exchanges, advised by the BSP, to ensure that they will not be used to launder dirty money to the Philippines.