Quick Take: BSP Outlines What Crypto Users Should Do If They Have Concerns Against Licensed VASP
BSP-licensed VASPs, the regulator said, are required to follow strict policies that protect consumers.
JUST IN: BSP Monetary Board Cancels VASP License of Early Crypto Exchange ETRANSS
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,…
![[Interview] Can Local Exchanges Keep Up With Demand?](https://bitpinas.com/wp-content/uploads/2024/12/Local-Exchanges-768x402.png "[Interview] Can Local Exchanges Keep Up With Demand? 3")
[Interview] Can Local Exchanges Keep Up With Demand?
Learn about how local exchanges like Coins.ph, PDAX, and GCrypto are addressing user concerns and upgrading their platforms to meet the growing demand in the cryptocurrency market.
Exclusive: Financial Auditor Flags ₱2.5B Capital Gap, XRP and Crypto Deficits at Coins.ph
Coins.ph’s 2023 audited financial statements reveal a ₱2.5 billion capital deficiency, a ₱192 million XRP reserve shortfall, and a ‘going concern’ warning from its auditor.
BSP Wants to Tighten Rules for Locally Licensed Crypto Exchanges | Weekly News Recap
The BSP is going to require more reporting from local exchanges, including Audited Financial Statements only from BSP-approved external auditors.
VASP Shakeup in the Philippines | Key Points | Weekly News Recap
In today’s news feature: our latest story: a new VASP licensee in the Philippines.
BSP Grants VASP Status to GoTyme, Removes Appsolutely (Loyalcoin), 3 Other Firms in Crypto License List
Meanwhile, Appsolutely, and more companies are removed from the BSP VASP List.
Regulate or Restrict? Salceda’s Tax Plan vs. Infrawatch’s Push to Ban Unregulated Exchanges
Weigh in on what is the better policy for foreign crypto exchanges; ban them or tax them instead?
Maya Updates Crypto Terms: New Rules for Coin Listings and Delistings
The update is significant as it directly affects users’ control over their assets on the platform.
BSP Monetary Board Cancels Atomtrans Crypto Exchange (VASP) License
This is not an isolated cancellation incident in the BSP’s oversight activities.