Bangko Sentral ng Pilipinas

Philippines pauses Virtual Asset Service Provider licenses for three years

The Bangko Sentral ng Pilipinas (BSP), the Philippines Central Bank, said Friday it has approved a modified approach to the grant of Virtual Asset Service Provider (VASP) license…

Philippines to stop accepting digital bank applications for 3 years, caps licenses to 7

The Philippine central bank will close the application window for digital banking licenses for three years and limit the number of digital banks to seven in the meantime,…