BSP Confirms Request to NTC to Block Unlicensed Crypto Exchanges, List of Blocked Apps Not Disclosed
Citing rising financial risks, the BSP urged public caution and stressed the need for licensed platforms in digital transactions.
Citing rising financial risks, the BSP urged public caution and stressed the need for licensed platforms in digital transactions.
Track the evolution of PH crypto month by month. From the SEC’s rules in January to the NTC crackdown in December, here are the 12 pivotal stories that defined the year.
The request to NTC from the BSP, which targets unlicensed Virtual Asset Service Providers (VASPs), comes amid a broader crackdown on unregulated financial services .
The development comes not even one day after the SEC released an investor advisory warning the public against engaging with ten unregistered platforms operating without proper licenses under the agency’s new Crypto Asset Service Provider (CASP) Rules.
This initiative is part of the SEC’s broader strategy to safeguard investors from potential risks associated with unregulated digital asset platforms.
Digital Pinoys, a network of digital advocates, urges the NTC to ban unregistered online gambling websites like Philwin and Tapwin, highlighting the risks they pose to Filipinos.