Philippines: Adopted Guidelines for Virtual Asset Service Providers (VASP) (Circular No. 1108)
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation, registration and licensing, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank