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After canceling the registration of Bexpress Inc. as a virtual asset service provider (VASP), the Bangko Sentral ng Pilipinas (BSP) has announced it has also annulled the VASP license of Coinville Philippines.

The Bangko Sentral ng Pilipinas (BSP) said it has selected Hyperledger Fabric as its distributed ledger technology (DLT) for its Central Bank Digital Currency (CBDC) pilot project: Project Agila, formerly known as Project CBDCPh.

Customers of SM MOA and Festival Mall may also choose to redeem the value of their deposited coins in the form of SM shopping vouchers.

The new rules set out the requirements for the use of digital identification and verification as part of the customer onboarding process of BSP-supervised financial institutions (BSFIs).

The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines that will facilitate the full transition of all quick response (QR) code-enabled payments services to the National QR Code Standard or “QR PH.”

Meanwhile, Pasig City has become the first local government unit in the National Capital Region and the sixth in the Philippines to launch the Paleng-QR PH Plus program.

Lapu-Lapu is the fifth city in the Philippines to launch the Paleng-QR Ph Plus program following the cities of Baguio, Davao, Tagbilaran, and Naga.

The Bangko Sentral ng Pilipinas (BSP) has amended the Guidelines on Electronic Money (E-money) and the Operations of Electronic Money Issuers (EMI) in the Philippines amid increasing IT-related risks and to better protect the interests of e-money account holders.

Tagbilaran City has joined a growing roster of LGUs that are implementing “Paleng-QR Ph Plus,” a nationwide program that promotes digital payments in public markets, tricycle hubs, and other establishments.

E-wallet provider and crypto exchange platform Coins.ph announced on Tuesday, Dec. 13, that the Bangko Sentral ng Pilipinas (BSP) has granted it an Advanced Electronic Payment and Financial Services (EPFS) license covering the operation of the Coins Pro exchange.