BSP Revises Regulation on Financial Consumer Protection
The Central Bank said they want to ensure “financial service providers” are conducting “ethical business practices” and do not engage in activities that will harm their customers.
Read moreThe Central Bank said they want to ensure “financial service providers” are conducting “ethical business practices” and do not engage in activities that will harm their customers.
Read moreThe Bangko Sentral ng Pilipinas (BSP) has advised banks in the Philippines to only deal with licensed virtual currency exchanges (VCEs) and exercise extreme due diligence when doing business with them.
Read moreOperators of ATMS that allow purchase or exchange of virtual currencies like bitcoin must be registered with the BSP as VC Exchanges (VCEs).
Read moreThe Philippine Central Bank approved 3 new companies that can legally process crypto to fiat transactions and vice versa.
Read moreThe license from the Philippine Central Bank allows the company to legally engage in crypto to fiat transactions and vice versa.
Read moreThe Securities and Exchange Commission affirms its commitment to release regulations for Initial Coin Offerings (ICOs) and Virtual Currency Exchanges by June 2019.Ā
Read moreThe Philippines’ Securities and Exchange Commission is in the process of creating draft rules for virtual currency exchanges that act as trading platforms.
Read more(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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