To Combat Financial Scams: Central Bank Enforces Stricter Oversight on VASPs
Under new AFASA-aligned rules, the BSP now requires VASPs to deploy machine learning fraud systems, kill switches, and money locks to shield users from scams.
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BSP Expands Use of Digital Regulatory Platform for VASPs
BSP is expanding its ASTERisC* platform to all banks and VASPs by January 2025 to enhance cybersecurity and streamline compliance.
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BSP Makes it Easier to Report Problems with Locally-Licensed Crypto Exchanges
BSP said any customer can report local VASPs to the central if the company fails to address their concerns.
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PSE Considers Hosting Structured Crypto Trading ‘to Protect Investors’
PSE President Ramon S. Monzon said it is considering to host crypto trading on the stock exchange itself, primarily for the protection of investors.
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BSP Expects Increase in Cryptocurrency Transactions in the Philippines
The total transaction volume from January to September 2020 was 7.2 million. This is a 36% increase versus the volume recorded within the same period in 2019 (5.3 million).
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Insights on BSP Guidelines for Virtual Asset Service Providers by Atty. Rafael Padilla
In this whitepaper, Atty. Rafael Padilla, Co-Founder and Trustee of BlockDevs Asia and Professor of Law at San Beda Alabang, examines the updated guidelines for virtual asset service providers released by the Bangko Sentral ng Pilipinas.
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Monday Markets Wrap-up: The Power of the Few
It’s one of those weeks where people have realized just how much power they can have if they just work together.
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Saturday Sats: Elon Musk and Doge
Elon Musk pumps up the Bitcoin price while Dogecoin flies to the moon. I think it’s still there.
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Friday Focus: PH Updated Guidelines
It’s the end of the week. We briefly looked at the updated guidelines from the BSP as well as news from Blockfolio, Coinbase, and.. Mark Cuban?
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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?
