PH Crypto Traders Back New AML Bill, Push Clarity on Stablecoins and VASPs
IMPACT submitted a position paper to the Anti‑Money Laundering Council commenting on House Bill No. 7742.
IMPACT submitted a position paper to the Anti‑Money Laundering Council commenting on House Bill No. 7742.
Maya Crypto expands to 33 tokens in 2026 with the addition of XRP, BNB, PAXG, and new memecoins.
Citing rising financial risks, the BSP urged public caution and stressed the need for licensed platforms in digital transactions.
The restrictions coincide with confirmation by the National Telecommunications Commission (NTC) that it has ordered the immediate blocking of 50 online trading platforms without VASP (Virtual Assets Service Provider) license at the request of the Bangko Sentral ng Pilipinas (BSP).
The request to NTC from the BSP, which targets unlicensed Virtual Asset Service Providers (VASPs), comes amid a broader crackdown on unregulated financial services .
Maya assured customers that all funds and past purchases remain safe during the transition.
Sen. Panfilo Lacson files a bill strengthening the Anti-Money Laundering Council by expanding its authority and formally including virtual asset service providers and other sectors under AMLA supervision.
The BSP’s extended moratorium on new VASP licenses ignites strong reaction from the local crypto community.
The BSP renewed its push to strengthen virtual asset regulation after the FATF maintained the Philippines’ “Partially Compliant” status under international crypto standards.
The Bangko Sentral ng Pilipinas confirmed the permanent cancellation of COEX STAR’s remittance and crypto licenses.