Philippines Central Bank Bans Privacy Coins Under New Crypto Rules
The Bangko Sentral ng Ngipinas (BSP) is tightening oversight of licensed virtual asset service providers that support privacy coins under a new set of crypto regulations, aiming to mitigate the risks of money laundering, terrorist financing, and untraceable transactions. The move applies to Virtual Asset Service Providers (VASPs) supervised by the BSP, marking the next…
