Download This PaperBitcoin and Cryptocurrency Regulation in the Philippines
9 Pages Posted: 17 Mar 2018
Date Written: March 11, 2018
Abstract
On February 6, 2017, the Bangko Sentral ng Pilipinas (“BSP”) issued the Guidelines for Virtual Currency Exchanges (BSP Circular No. 944, or “Circular”), providing the rules and regulations governing operations of Virtual Currency (“VC”) Exchanges in the Philippines. The Circular is incorporated as Section 4512N of the Manual of Regulations for Non-Bank Financial Institutions (“MORNBFI”). This article provides an overview of the Circular.
Keywords: bitcoin, cryptocurrency, virtual currency
JEL Classification: K22, K23
Suggested Citation: Suggested Citation
Geronimo, Russell Stanley Q., Bitcoin and Cryptocurrency Regulation in the Philippines (March 11, 2018). Available at SSRN: https://ssrn.com/abstract=3138051 or http://dx.doi.org/10.2139/ssrn.3138051
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