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News and Events

Buying or Selling Bitcoins? BSP Approves 2 More Virtual Currency Exchanges

The banking regulator has registered a total of five crypto-exchanges since late 2017

The Bangko Sentral ng Pilipinas (BSP) has approved two more companies to operate as virtual currency exchanges (VCEs), or firms that convert Philippine pesos into cryptocurrencies such as Bitcoin and Ethereum, and vice versa.BSP Deputy Governor Chuchi Fonacier has said that the ...

by Lorenzo Kyle Subido  | July 09, 2018 04:00:00
News and Events

Firms Seeking Cryptocurrency Exchange Licenses from BSP More Than Double in Past Quarter

Regulators say some applicants need extra license as electronic money issuer with Php100 million capital

The number of companies applying for cryptocurrency or virtual currency exchanges (VCE) license from the Bangko Sentral ng Pilipinas (BSP) has gone up to 29 as of early April, according to various newspaper reports published Wednesday, April 11.That’s more than double the ...

by Lorenzo Kyle Subido  | April 12, 2018 03:00:00