BSP urges public: Transact using registered virtual currency exchanges
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BSP urges public: Transact using registered virtual currency exchanges
ABS-CBN News
Published Jun 17, 2019 12:41 PM PHT
MANILA – The Bangko Sentral ng Pilipinas on Monday advised the public to transact using registered Virtual Currency Exchanges and VC ATMs for conversion of Bitcoins and other digital tender.
MANILA – The Bangko Sentral ng Pilipinas on Monday advised the public to transact using registered Virtual Currency Exchanges and VC ATMs for conversion of Bitcoins and other digital tender.
Registered Virtual Currency Exchanges (VCEs) facilitate conversion of virtual currencies to fiat currencies and vice versa, the BSP said in an advisory.
Registered Virtual Currency Exchanges (VCEs) facilitate conversion of virtual currencies to fiat currencies and vice versa, the BSP said in an advisory.
Companies involved in virtual currencies are required to comply with anti-money laundering and anti-terrorist financing regulations and to appropriately manage technology and operational risks for consumer protection, the BSP said.
Companies involved in virtual currencies are required to comply with anti-money laundering and anti-terrorist financing regulations and to appropriately manage technology and operational risks for consumer protection, the BSP said.
“The BSP recommends that VC users deal only with BSP-registered VCEs and maintain only sufficient amount of VC to cover transactional requirements,” it said.
“The BSP recommends that VC users deal only with BSP-registered VCEs and maintain only sufficient amount of VC to cover transactional requirements,” it said.
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PUBLIC ADVISORY: Virtual Currency ATMs
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Regulation on VC ATMs: https://t.co/fx4aeipfQ4
List of registered VCEs:https://t.co/bMWd1jUSIf
FAQs on VCs, Regulations, Risks and Opportunities:https://t.co/t3xv552jcU pic.twitter.com/VpKdrYzNcK
— Bangko Sentral (@BangkoSentral) June 17, 2019
PUBLIC ADVISORY: Virtual Currency ATMs
— Bangko Sentral (@BangkoSentral) June 17, 2019
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Regulation on VC ATMs: https://t.co/fx4aeipfQ4
List of registered VCEs:https://t.co/bMWd1jUSIf
FAQs on VCs, Regulations, Risks and Opportunities:https://t.co/t3xv552jcU pic.twitter.com/VpKdrYzNcK
Visit the BSP website for the official list of registered currency exchange service.
Visit the BSP website for the official list of registered currency exchange service.
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