bsp

The Bangko Sentral ng Pilipinas (BSP) has again warned the public against transacting with unauthorized virtual asset service providers (VASPs), saying users risk losing funds and may have limited legal remedies in case of fraud or operational failures.

Under the partnership, space-derived information will be used to assess disaster impacts, evaluate environmental threats, and analyze their potential effects on inflation, financial stability, and economic resilience.

If approved, users would be able to pay with PHPC through the Ronin Wallet in the same way they currently use mobile wallets that support QRPH.

The Bangko Sentral ng Pilipinas (BSP) announced on Thursday, Sept. 25, that it will stop accepting new applications for digital banking licenses beginning Dec. 1, 2025, effectively closing the application window just 11 months after it was reopened.

The Bangko Sentral ng Pilipinas (BSP) has extended indefinitely its moratorium on the issuance of new licenses for virtual asset service providers (VASPs), citing heightened risks in the virtual asset market.

The directive requires organizations to phase out password-only logins and transition to more secure, phishing-resistant methods such as passwordless authentication based on FIDO (Fast Identity Online) standards.

Bukidnon representative Jonathan Keith Flores is pushing for tighter regulations on online gambling transactions, warning that the Bangko Sentral ng Pilipinas’ (BSP) proposed rules could leave senior citizens and other vulnerable groups at risk.

Launched on July 29, the Credit Risk Database Philippines Web-based Scoring System (CRDPh System) provides banks and other financial institutions (FIs) with a standardized tool for evaluating the creditworthiness of SMEs.

House Bill No. 421, or the proposed Strategic Bitcoin Reserve Act, directs the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 Bitcoins annually over a five-year period, totaling 10,000 BTC.

Two lawmakers sounded the alarm over the growing reach of online gambling in the Philippines, as Pagcor revealed during a House budget hearing that 18 to 20 million Filipinos have registered with gambling apps, with 8 to 10 million of them considered active players.