VASPs

BSP Warns Virtual Asset Companies vs Misuse Of Funds

by in Categories News
cryptocurrency

BSP: “VASPs that facilitate the conversion or exchange of fiat currency to VA or vice versa are expected to maintain sufficient unencumbered liquid assets” BSP – The Bangko Sentral ng Pilipinas recently warned all registered virtual asset service providers (VASPs) against misuse of funds. In the wake of the collapse of FTX, the central bank … Read more

BSP Warns Public vs Unregistered, Foreign Virtual Assets

by in Categories News
virtual asset

BSP: “The public should exercise caution, conduct their own due diligence, and always be mindful of the risks prior to engaging with VA-related activities.” BSP — The Bangko Sentral ng Pilipinas recently warned the public against unregistered and foreign virtual assets. The central bank has issued a strong public warning against unregistered and foreign VASPs … Read more