Philippines BSP proposes 12-month freeze on payment operator registrations
The Philippines’ central bank proposed a 12-month freeze on new payment-system operator registrations and tighter controls on payment arrangements involving virtual asset service providers (VASPs) in a draft circular.
The Philippines’ central bank has proposed a 12-month freeze on new payment-system operator registrations while also tightening controls on payment arrangements involving virtual asset service providers (VASPs). Under a draft circular, the Bangko Sentral ng Pilipinas (BSP) said it would suspend a...