₱7.8B
₱5.2B
₱1.11
₱0.836852
The Bangko Sentral ng Pilipinas targets service providers that enable users to convert, transfer, hold, or exchange virtual assets for others. Once an entity facilitates conversion, custody, transfer, safekeeping, or exchange of virtual assets, it falls under BSP supervision as a Virtual Asset Service Provider.
Regional Trial Court Branch 211 in Mandaluyong City sentenced 13 individuals to 3 years imprisonment each for aiding cybercrime under the Cybercrime Prevention Act of 2012, after they pleaded guilty to lesser charges on May 26.
Coins.ph has integrated Tether payments with QRPh, the Philippines' national QR code standard overseen by Bangko Sentral ng Pilipinas. Users select Tether from their digital balance, scan merchant codes, and complete transactions without converting to pesos first.
The National Bureau of Investigation arrested an unlicensed recruiter who sent 25 Filipinos to a Myanmar crypto scam operation at KK Park in Myawaddy. The woman recruited victims through Telegram and WhatsApp, confiscated their passports upon arrival, and imposed work quotas.
The Bangko Sentral ng Pilipinas is now coordinating enforcement actions with the SEC and NTC to limit Filipino access to unlicensed crypto platforms, moving beyond public warnings to active market surveillance.