Recognizing the potential of virtual assets to revolutionize the delivery of financial services both domestically and internationally, the Bangko Sentral ng Pilipinas issued the new guidelines updating the existing regulations and framework of virtual currency exchange (currently known as virtual assets providers).
In the Lexology article entitled: “Understanding Virtual Assets Regulations in the Philippines,” V&A Law’s
Richard Henrick I. Beltran and
Raymond John S. Cheng examine the regulatory framework governing virtual assets and cryptocurrencies.
