How to Get a VASP License in the Philippines for Crypto Exchanges
How much is required to obtain a crypto exchange license in the Philippines? What are the other requirements for the VASP license?
How much is required to obtain a crypto exchange license in the Philippines? What are the other requirements for the VASP license?
The BSP governor sees the country shifting to a coinless society by the middle of the decade.
Coinbase, Visa, Bitcoin Transactions, CBDCs, and news from #CryptoPH news.
Rafael proposes that bitcoin, a new asset class, should be considered as a strategic reserve asset that can function as systemic hedge that will help maintain financial stability amid the economic havoc that is COVID-19 Pandemic, and to insulate the domestic financial system from the vulnerabilities of the current U.S. dollar-centric international monetary system.
In a statement shared on social media, the BSP said the new logo was developed by its in-house team who shared their skills in the process.
A draft circular stated that the minimum capital requirement for digital banks is Php 1 billion.
BitPinas’ introductory article about the Financial Action Task Force or FATF.
The Bangko Sentral ng Pilipinas (BSP) reported increased OFW remittances in February 2020 at US$2.62 billion, which is 2.6% higher than what was previously recorded in February 2019.
Outstanding loans of banks, net of reverse repurchase placements with the Bangko Sentral ng Pilipinas (BSP), grew by 12.9% in March 2020.
BSP noted that the volume of check payments and ATM withdrawals have also decreased, reflecting the effect of ECQ on people’s movement.