BSP: Virtual Currency Transactions Reach Php 106 Billion in First Half of 2021
Diokno reminded the public to transact only through BSP-registered virtual asset service providers (VASPs).
Diokno reminded the public to transact only through BSP-registered virtual asset service providers (VASPs).
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).
This is despite the overall decline of the cryptocurrency market and the gradual shift to better forms of token offerings.
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.
The Securities and Exchange Commission affirms its commitment to release regulations for Initial Coin Offerings (ICOs) and Virtual Currency Exchanges by June 2019.
The Philippines’ Securities & Exchange Commission is still accepting comments & position papers from the public about its proposed ICO rules.