Back

BSP Circular No. 944, series of 2017

Subject: Guidelines for Virtual Currency (VC) Exchanges

BSP Circular No. 944, series of 2017 | 2017-02-06

BANGKO SENTRAL NG PILIPINAS
 
OFFICE OF THE GOVERNOR
 
CIRCULAR NO. 944 
Series 2017   
 
 
Subject: Guidelines for Virtual Currency (VC) Exchanges

The Monetary Board, in its Resolution No. 121 dated 19 January 2017, approved the following rules and regulations governing operations of VC exchanges in the Philippines, which shall be incorporated as Section 4512N of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI). 
 
Section 1. Section 4512N shall read as follows: 
 
"Section 4512N Guidelines for Virtual Currency Exchanges; Statement of Policy.
 
It is the...