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Latest news in the tag "BSP"

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

July 29, 2019 Updated

News

BSP: Banks Should Only Deal With Registered Virtual Currency Exchanges

The Bangko Sentral ng Pilipinas (BSP) has advised banks in the Philippines to only deal with licensed virtual currency exchanges (VCEs) and exercis...

Mike Mislos

July 22, 2019 Updated

News

BSP Exec Clarifies Crypto Regulations

Regulations only cover remittances or money changing businesses and not direct issuance as practiced by some groups into investment schemes.

Raquel Marasigan

July 5, 2019 Updated

News

Philippine Central Bank Not Keen on Launching Own Crypto

The BSP is not keen on launching its own cryptocurrency despite the announcement of Facebook's launching of the Libra cryptocurrency.

Mike Mislos

June 19, 2019 Updated

News

PH Central Bank Does Not Want You To Deal With Unlicensed Virtual Currency Exchanges & ATMS

Operators of ATMS that allow purchase or exchange of virtual currencies like bitcoin must be registered with the BSP as VC Exchanges (VCEs).

Mike Mislos

April 9, 2019 Updated

News

(Updated) Philippine Central Bank: Virtual Currency ATMs Must Be Registered

A registered VCE complies with anti-money laundering laws and regulation, has appropriate security within their platform to manage risks, and provi...

Mike Mislos

March 8, 2019 Updated

News

New Philippine Central Bank Governor Has Previous Plans for Blockchain in His Previous Post

Mr. Diokno had a long career at the Department of Budget and Management and served as its secretary before he was appointed to the BSP.

Mike Mislos

BSP Governor Nestor Espenilla Photo by Atty Rafael Padilla

February 26, 2019 Updated

News

Philippines Central Bank Governor Who Pushes For Financial Inclusion, Electronic Cash Initiatives, Dies at 60

Under Gov. Espenilla, the BSP adopted a cautious but not prohibitive approach towards emerging fintech trends like cryptocurrencies, protecting the...

Mike Mislos

February 22, 2019 Updated

Feature

Philippines Cryptocurrency Regulations: BSP License vs CEZA License

Let's break down the differences between a BSP license and a CEZA license, both can be obtained in the Philippines but with different functions alt...

Mike Mislos