Philippines: Guidelines for Virtual Asset Service Providers (VASP) (Circular No. 1108)
Progress
Current status
adopted
21 Jan 2021 adopted
Scope
Implementers
Philippines
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation, registration and licensing, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Adopted Guidelines for Virtual Asset Service Providers (VASP) (Circular No. 1108)
On 21 January 2021, the Bangko Sentral ng Pilipinas (BSP) adopted Guidelines for Virtual Asset Service Providers (VASPs) through the issuance of Circular No. 1108. This regulatory framework replaces Section 902-N of the Manual of Regulations for Non…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank