Philippines Central Bank Tightens Regulations On Crypto-Assets

Bangko Sentral ng Pilipinas (BSP), the Philippines' apex bank, has revised regulations guiding crypto-assets.  The revised laws have been updated to include regulations that guard against the use of crypto-assets to perpetrate money laundering. Major Changes To Crypto Regulations In The Philippines This development was revealed on Monday by the BSP, which stated that its Monetary Board had approved new guidelines on crypto assets. The regulations would guide crypto assets providers, including businesses that provide financial services via blockchain or…