PDAX CEO Nichel Gaba details how Philippine crypto exchanges, with a blend of technology and regulation, enforce anti-money laundering rules, ensuring financial integrity in the crypto sector.
The BSP has reminded banks anew to make sure their institutions will not be used for money laundering.
SEC is drafting their own measures to create the “best practices in fintech regulation and adopting it in our jurisdiction.”
AMLC Executive Director Mel Georgie B. Racela stressed that financial institutions are involved when players convert in-game tokens into fiat currency.
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.
