virtual assets

BSP Warns Virtual Asset Companies vs Misuse Of Funds

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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

PayMaya and Novi Hold BSP License As Virtual Asset Service Providers

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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