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: “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
PayMaya and Novi were included in BSP’s list of Virtual Asset Service Providers. BANGKO SENTRAL NG PILIPINAS — PayMaya and Facebook‘s Novi were included in the BSP’s list of Virtual Asset Service Providers (VASPs). Virtual Asset Service Providers (VASPs) referred to any entity that offered services or engaged in activities that provided a facility for … Read more