BSP requires deeper vetting of digi assets

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has directed virtual asset service providers (VASP) to conduct more rigorous reviews before listing digital tokens, in an effort to better protect consumers and limit risks to the financial system. Memorandum No. M-2026-023 approved on June 5 sought to clarify regulatory expectations for VASPs in conducting