Union Bank becomes first universal bank in PH to operate as a virtual asset service provider (VASP).

calendar_today September 26, 2023 schedule 3 min read

Union Bank of the Philippines announced recently that it has just secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP) — any natural or legal entity that exchanges, holds, safe-keeps, sells, converts, or transfers virtual assets on behalf of another natural or legal entity. As such, […]

Crypto, News

SEC delays release of crypto regulations to gain more time to assess FTX fiasco, protect investors

calendar_today June 8, 2023 schedule 3 min read

Cryptocurrency owners and traders in the Philippines may have to wait longer before the Securities and Exchange Commission (SEC) can release proper cryptocurrency regulations. The news came after the country’s chief financial regulator announced the postponement of the much-awaited release of a legal framework for the industry. IMAGE CREDIT: www.shutterstock.com SEC wants to remain cautious […]