Tag: virtual currency
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.
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.
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.