Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering
The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has released new guidelines for virtual asset service providers (VASPs) in a bid to prevent money laundering. The BSP said in a document (see below) issued Jan. 25, that under the framework, VASPs will need to apply for a license, a “certificate of authority,” in order …
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