September 10, 2019 Updated
The Central Bank said they want to ensure "financial service providers" are conducting "ethical business practices" and do not engage in activities...
July 29, 2019 Updated
The Bangko Sentral ng Pilipinas (BSP) has advised banks in the Philippines to only deal with licensed virtual currency exchanges (VCEs) and exercis...
July 22, 2019 Updated
Regulations only cover remittances or money changing businesses and not direct issuance as practiced by some groups into investment schemes.
July 5, 2019 Updated
The BSP is not keen on launching its own cryptocurrency despite the announcement of Facebook's launching of the Libra cryptocurrency.
June 19, 2019 Updated
Operators of ATMS that allow purchase or exchange of virtual currencies like bitcoin must be registered with the BSP as VC Exchanges (VCEs).
April 9, 2019 Updated
A registered VCE complies with anti-money laundering laws and regulation, has appropriate security within their platform to manage risks, and provi...
March 8, 2019 Updated
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.
February 26, 2019 Updated
Under Gov. Espenilla, the BSP adopted a cautious but not prohibitive approach towards emerging fintech trends like cryptocurrencies, protecting the...
February 22, 2019 Updated
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...
October 26, 2018 Updated
The Philippines' Securities & Exchange Commission is still accepting comments & position papers from the public about its proposed ICO rules.