Wednesday, May 22, 2024
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virtual currency granted virtual currency exchange license by BSP

E-wallet provider and crypto exchange platform 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.

Public warned against unregistered or overseas-based crypto firms

The Bangko Sentral ng Pilipinas (BSP) has cautioned the public against dealing with virtual asset service providers (VASPs) that are unregistered or those that...

BSP issues guidelines on virtual currency operators

The new framework expanded the activities subject to the licensing regime of the BSP from initially covering those involved in facilitating the exchange of virtual currencies.

Cagayan ecozone eyes crypto boom, issues first set of licenses

After becoming a hub for offshore-based online gaming, the Cagayan Economic Zone Authority (CEZA) is now setting its sights on the booming crypto-currency business.

BSP to tighten licensing for e-money, cryptocurrency firms

The Bangko Sentral ng Pilipinas (BSP) is keen on requiring entities applying for licenses as electronic money issuers (EMI) to also apply for a license as a crypto or virtual currency (VC) exchange.

De Lima files bill imposing stiff penalties on crimes involving cryptocurrency

In filing Senate Bill (SB) No. 1694, Sen. Leila de Lima said the criminal justice system must be prepared in case virtual currency like bitcoins -- which is increasingly becoming popular -- is used in unlawful activities.
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