EMI license

Binance Plans To Acquire PH Company To Secure VASP License

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Binance

Binance: “We are on the end of acquiring a VASP license and EMI license in the Philippines.” BINANCE — The global cryptocurrency exchange announced its plan to acquire a local company as a way to secure a VASP license in the Philippines. Binance general manager for the Philippines Kenneth Stern said that they’re at the … Read more

BSP To Implement Two-Year Ban On All e-Money Applications

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BSP

The BSP will implement a two-year ban on all e-money applications. BSP — The Bangko Sentral ng Pilipinas will implement a two-year ban on all non-bank electronic money issuer (EMI) applications including those bank-owned EMIs starting December 16 in order to ensure a liquidity-strong digital payments sector. In a text message to Manila Bulletin last … Read more