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The Bangko Sentral ng Pilipinas (BSP) on Tuesday, Feb. 14, has again issued a warning against transacting with virtual asset service providers (VASPs) that are unregistered and domiciled abroad or unknown foreign virtual asset companies.
The BSP said there are only 20 registered VASPs with the BSP
The Bangko Sentral ng Pilipinas (BSP) is currently evaluating and assessing if it could lift the two-year moratorium on the issuance of electronic money issuers (EMI) licenses earlier than planned.
The ban on EMI applications from both non-bank and bank-owned EMIs was imposed on Dec. 16, 2021 and
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