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.
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Virtual Currency Exchange
BSP: Banks Should Only Deal With Registered Virtual Currency Exchanges
The 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.
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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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3 New Companies Join PDAX, Coins.ph, etc as BSP-Licensed Virtual Currency Exchanges
The Philippine Central Bank approved 3 new companies that can legally process crypto to fiat transactions and vice versa.
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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 Commits to ICO Rules, Virtual Currency Exchange Rules Before June 2019
The Securities and Exchange Commission affirms its commitment to release regulations for Initial Coin Offerings (ICOs) and Virtual Currency Exchanges by June 2019.Ā
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Philippines SEC Keen to Release Draft Rules on Virtual Currency Exchanges this September
The Philippines’ Securities and Exchange Commission is in the process of creating draft rules for virtual currency exchanges that act as trading platforms.
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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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