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Relief for banks funding Maharlika still under study, central bank says

Relief for banks funding Maharlika still under study, central bank says
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Bank seeks to boost Islamic finance in PHL - BusinessWorld Online

Bank seeks to boost Islamic finance in PHL - BusinessWorld Online
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BSP bans 2 money service firms

The Bangko Sentral ng Pilipinas (BSP) has disqualified two money service business (MSB) operators from registering with the central bank because of unauthorized dealings. In a BSP Circular Letter (CL-2023-013), BSP Deputy Governor Chuchi G. Fonacier said Kidlat Fast Cash Inc. and Tong’s Money Chan

BSP warns public anew against virtual asset firms

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

BSP reviews ban on e-money licenses

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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