Bangko Sentral ng Pilipinas Archives

Direct Agent 5 Inc. (DA5), secures VASP, EMI and EPFS licenses from the BSP

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20 December, 2022

Direct Agent 5 Inc. (DA5), secures VASP, EMI and EPFS licenses from the BSP

DA5 is one of the leading authorized direct agents of Western Union in the Philippines, with established 1,800 location footprints...

Philippines central bank reminds exchanges to ensure proper risk management measures

Business

Wahid Pessarlay

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15 December, 2022

Philippines central bank reminds exchanges to ensure proper risk management measures

The central bank’s memo was directed to VASPs involved in the custody of digital assets "to ensure that customers' virtual...

Ida Tiongson: Don’t be surprised if the Philippines is the next blockchain hub

Interviews

Steve Kaaru

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10 December, 2022

Ida Tiongson: Don’t be surprised if the Philippines is the next blockchain hub

Ida Tiongson believes that the Philippines is already showing an appetite for blockchain, digital assets, and decentralizing finance and says...

Philippine central bank removes Novi from exclusive list of VASP licensees

Business

Wahid Pessarlay

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1 December, 2022

Philippine central bank removes Novi from exclusive list of VASP licensees

Novi is no longer a registered Virtual Asset Service Provider in the Philippines following BSP's decision to remove it from...

Philippines central bank warns of risks associated with digital assets amid FTX’s implosion

Business

Wahid Pessarlay

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18 November, 2022

Philippines central bank warns of risks associated with digital assets amid FTX’s implosion

BSP Governor Felipe Medalla also cast aspersions on using the asset in payments over its extreme volatility and environmental impact.

Philippines CBDC would not be worthwhile at this point, finance chief says

Business

Steve Kaaru

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9 October, 2022

Philippines CBDC would not be worthwhile at this point, finance chief says

Benjamin Diokno, who previously headed the central bank, believes that payment systems in the Philippines such as PesoNet are working...

Philippines securities regulator warns against ‘10x ICO project’ LodiCoins

Business

Steve Kaaru

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4 October, 2022

Philippines securities regulator warns against ‘10x ICO project’ LodiCoins

While LodiCoins claimed to be issuing utility tokens, the SEC maintains that investors expected profits from the actions of the...

Philippine central bank: Stablecoins could revamp country’s payments ecosystem

Business

Wahid Pessarlay

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29 September, 2022

Philippine central bank: Stablecoins could revamp country’s payments ecosystem

The Bangko Sentral ng Pilipinas says it is high time to use stablecoins in transactions, noting that it will be...

Maya urges Philippines consumers to consider virtual currency in transactions

Business

Wahid Pessarlay

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28 September, 2022

Maya urges Philippines consumers to consider virtual currency in transactions

The fintech firm highlights the vast benefits Filipino users can reap by using blockchain technology, including promoting financial inclusion, ease...

Philippines: Policy think tank Infrawatch PH wants central bank to curb Binance’s back-door reentry

Business

Steve Kaaru

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23 September, 2022

Philippines: Policy think tank Infrawatch PH wants central bank to curb Binance’s back-door reentry

Binance was booted out of the Philippines and shortly after claimed to be in talks to acquire a licensed VASP—Infrawatch...

Binance finds a back door into the Philippines market

Business

Steve Kaaru

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16 September, 2022

Binance finds a back door into the Philippines market

A Binance executive has confirmed the exchange is in talks to acquire a licensed company after losing out on approval...

Philippine lead financial regulator greenlights digital product testing among banks

Business

Wahid Pessarlay

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16 September, 2022

Philippine lead financial regulator greenlights digital product testing among banks

The Philippines' banking industry will be piloting a 12-month regulatory framework that aims to deliver innovative financial services to consumers...

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