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.
Eli Rabadon’s DvCode links with BSP-licensed TopWallet to deliver crypto-fiat SaaS tools built for Philippine digital finance.
BSP-licensed VASPs, the regulator said, are required to follow strict policies that protect consumers.
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.
Meanwhile, Appsolutely, and more companies are removed from the BSP VASP List.
The revocation is noteworthy given that BEXPRESS, INC. was among the limited circle of only 19 entities in the Philippines holding a VASP license.
Stay informed about the evolving regulatory landscape of the cryptocurrency and digital asset market in the Philippines.
The SEC is reminding the public to exercise caution or stop dealing with crypto exchanges not licensed in the Philippines.
Direct Agent 5 is planning to launch SurgePay – a blockchain wallet to make remittances coursed through the firm cheaper.
Bexpress, operating as Bexpress/Bexpro is a licensed virtual assets service provider (VASP) in the Philippines.