In September last year, the central bank said it chose Hyperledger Fabric as the technology backbone for its Project Agila, the pilot wholesale CBDC initiative.
Learn about Secretary Ralph Recto’s top priorities at the Department of Finance.
This is the recap of the 36th episode of the BitPinas Webcast with Atty. Jennifer Densen, who serves as legal counsel for Bitshares Labs and is the founder of Densen Law; Atty. Robert De Guzman of Coins.ph; and Atty. Michelle Regala Niebres from PDAX.
BSP’s latest memorandum outlines stringent rules for VASPs, with an emphasis on due diligence in peer-to-peer transactions and unhosted wallets.
The bill also mandates transparency and disclosure of all fees and charges.
This is detailed in Memorandum No. 2023-035 from the Office of the Deputy Governor, Payments and Currency Management Sector, the contents of which are released today in the BSP website.
Coinville was listed as an inactive VASP by the BSP in August 2023.
The revocation is noteworthy given that BEXPRESS, INC. was among the limited circle of only 19 entities in the Philippines holding a VASP license.
BSP considers reopening digital bank license applications due to strong interest
Remittances from Overseas Filipinos gained a total of $17.59 billion for the first six months of 2023, the BSP reported.