The BSP also organized virtual FX briefings at its Head Office, specifically targeting compliance officers from banks and representatives of industry associations.
The community voiced concerns and shared mixed reactions after the Bangko Sentral ng Pilipinas (BSP) said in a media interview that it is studying the possibility of replacing per-transaction fees with a subscription-based model for digital payment platforms. What’s the significance: The proposal, if implemented, could directly impact how consumers and businesses engage with digital…
This move aims to reduce transaction costs and support financial inclusion.
The BSP lifts its moratorium on digital banks, allowing four new license applications under stricter regulations starting January 2025.
The Monetary Board, the policymaking body of the Bangko Sentral ng Pilipinas (BSP) has canceled the Certificate of Registration of ETRANSS INTERNATIONAL REMITTANCE CORP. to operate as a Type “A” Remittance Agent with Virtual Asset Service Provider (VASP) functions. Why it matters: The BSP has cancelled multiple crypto exchanges licenses in the past year alone,…
BSP is expanding its ASTERisC* platform to all banks and VASPs by January 2025 to enhance cybersecurity and streamline compliance.
The clarification is important to separate Pi Nexus and Project Nexus, two unrelated initiatives, and clear up misinformation.
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. It’s time for the weekly news recap. Here are the top crypto news stories of the past week! Market Updates 📈 Here are the crypto highlights of the week: Money Service Business Loses BSP License Over Compliance Issues The Bangko…
The BSP has cancelled multiple registrations this year, including Virtual Asset Services Providers (VASP) license of several crypto exchanges.
BSP is in talks with Google Wallet and Apple Pay about entering the Philippine payments system, potentially offering more payment options to users.
