Moneybees Receives BSP Virtual Currency Exchange License, Plans to Roll Out Nationwide
New VCE licensee Moneybees wants to roll out their OTC cryptocurrency service nationwide so more users can buy crypto with Php via OTC.
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Virtual Currency Exchange License Philippines
PH Central Bank Does Not Want You To Deal With Unlicensed Virtual Currency Exchanges & ATMS
Operators of ATMS that allow purchase or exchange of virtual currencies like bitcoin must be registered with the BSP as VC Exchanges (VCEs).
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BSP: Virtual Currency Transaction in the Philippines Doubles in 2018
This is despite the overall decline of the cryptocurrency market and the gradual shift to better forms of token offerings.
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Philippine Central Bank: Virtual Currency ATMs Must Be Registered
A registered VCE complies with anti-money laundering laws and regulation, has appropriate security within their platform to manage risks, and provide consumer protection and customer support.
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Bexpro/B-Express Receives BSP Virtual Currency Exchange License in the Philippines
The license from the Philippine Central Bank allows the company to legally engage in crypto to fiat transactions and vice versa.
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Philippines Cryptocurrency Regulations: BSP License vs CEZA License
Let’s break down the differences between a BSP license and a CEZA license, both can be obtained in the Philippines but with different functions altogether.
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List of Licensed Virtual Currency Exchanges in the Philippines
(Update – March 2020) What is a virtual currency exchange license in the Philippines? What firms have a license to operate a crypto to fiat exchange in PH?
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