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Latest news in the tag "BSP"

January 21, 2020 Updated

News

BSP: Personal Remittances Reach $30 Billion in the First Eleven Months of 2019

It appears that long-term OFWs have immensely helped in supporting the growth of personal remittances in the country, as the records show that mone...

Evan Anthony Ezquer

January 6, 2020 Updated

News

IMF: Philippines Must Improve Crypto Asset Transaction Data Collection

IMF suggested that these data be aggregated and collected on a quarterly basis, on gross transactions, indicating the country of origin and destina...

Mike Mislos

December 2, 2019 Updated

News

BSP Issues Preventive Measures Against Illegal Investment Activities

The BSP now issues Memorandum No. M-2019-028 - Preventive Measures Relevant to Illegal Investment Activities or Schemes - instructing banks, non-b...

Mike Mislos

November 19, 2019 Updated

News

Personal Remittances Reaches $24.6 Billion for First 9 Months of 2019

For the first 9 months, the recorded inflow is $22.2 billion for cash remittances versus US$21.3 billion within the same period last year.

Mike Mislos

October 21, 2019 Updated

News

BSP Wants National QR Code Standard for Payments

According to the BSP, the operational requirement is much lower than investing in point-of-sale terminals and electronic data capture equipment req...

Mike Mislos

October 16, 2019 Updated

News

BSP: Personal Remittances Reach US$22 Billion in the First Eight Months of 2019

The regulator further said that cash remittances coursed through banks have also increased.

Bitpinas Staff

October 16, 2019 Updated

News

BSP on Collaborative Approach to Regulating Fintech

In a speech during the Finance Executives Breakfast Roundtable at the Grand Hyatt Hotel BGC, Sec. Diokno emphasizes the 3 principles that shape how...

Mike Mislos

October 15, 2019 Updated

News

Cashless Transaction Rising in the Philippines

BSP has a firm target - raise the percentage of digital payments to 20% in 2020 compared to just 1% in 2013.

Mike Mislos

September 24, 2019 Updated

News

PH Senators Recommend SEC, BIR, BSP etc in Digital Asset/Cryptocurrency Task Force

The Senators admitted that due to the complexity of the subject matter, the recommendation is not to rush drafting a law, but to create a task forc...

Mike Mislos

September 10, 2019 Updated

News

BSP Revises Regulation on Financial Consumer Protection

The Central Bank said they want to ensure "financial service providers" are conducting "ethical business practices" and do not engage in activities...

Mike Mislos