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Guidelines for Virtual Asset Service Providers (VASP)

Guidelines for Virtual Asset Service Providers (VASP)

BSP Circular No. 1108 | 2021-01-26

   
BANGKO SENTRAL NG PILIPINAS
 
 
OFFICE OF THE GOVERNOR

CIRCULAR NO. 1108
Series of 2021
 
Subject: Guidelines for Virtual Asset Service Providers (VASP)
 
The Monetary Board, in its Resolution No. 78 dated 21 January 2021, approved the following rules and regulations governing the operations of VASPs in the Philippines, which shall amend in its entirety Section 902-N of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI).
 
Section 1. Section 902-N on Virtual Currency Exchanges shall be replaced by Virtual Asset Service Providers (VASP), and is amended in its entirety to read,...