BSP To Impose Limits On Online Payment Charges — Diokno

BSP Governor Benjamin Diokno

The BSP will impose limits on online payment charges, according to Diokno. On Tuesday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said that they could impose limits on how much operators of payment system (OPS) were charging for their service. Diokno was asked in a webinar organized by the Management Association of the Philippines … Read more

BSP Says P20 NGC Banknote Remains Legal Tender

BSP

The P20 New Generation Currency (NGC) banknote remained legal tender, according to BSP. On Monday, the Bangko Sentral ng Pilipinas (BSP) advised the public that the P20 New Generation Currency (NGC) banknote remained legal tender and could be used for transactions alongside the P20 NGC coins. GMA News Online reported that the P20 NGC banknotes … Read more

BSP Backs Senate Bill Protecting Financial Accounts vs Cybercrime

BSP

The BSP supported a Senate bill protecting financial accounts from cybercrime. BSP — The Bangko Sentral ng Pilipinas said on Saturday that it supported a Senate bill aiming to protect financial accounts from cybercrime. This, as digital transactions in the Philippines continued to increase because of the pandemic. BSP said in a statement that the … Read more

Axie Infinity Not Considered As Virtual Asset Service Provider — BSP

Axie BSP

Axie Infinity was not considered as a virtual asset service provider, according to BSP. The Bangko Sentral ng Pilipinas (BSP) said that popular online play-to-earn game Axie Infinity wasn’t considered as a virtual asset service provider (VASP). Manila Bulletin reported that the Bangko Sentral ng Pilipinas emphasized in an email interview with Business Bulletin that … Read more

BSP Orders LYKA To Halt Operation As Operator of Payment System

BSP LYKA

The BSP ordered LYKA to halt its operation as an Operator of Payment System. On Friday, the Bangko Sentral ng Pilipinas (BSP) had issued an order to social media platform LYKA to halt its operation as an Operator of Payment System (OPS). In a statement, the BSP had issued an order to LYKA to suspend its … Read more

BSP Unveils PHP 5,000 Lapulapu Banknote, Lapulapu Commemorative Medal

Lapu-Lapu Commemorative Banknote and Medal

BSP unveiled PHP 5,000 Lapulapu banknote and Lapulapu commemorative medal. In honor of the 500th anniversary of Lapulapu’s victory in the Battle of Mactan, the Bangko Sentral ng Pilipinas (BSP) on Monday officially launched a commemorative PHP 5,000 banknote and a commemorative medal. The banknote launch also kicked off a 99-day countdown to the actual … Read more