{"id":746259,"date":"2026-09-07T13:20:22","date_gmt":"2026-09-07T10:20:22","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/philippines-eyes-payment-operator-registration-freeze-tighter-vasp-checks\/"},"modified":"2026-09-07T13:20:22","modified_gmt":"2026-09-07T10:20:22","slug":"philippines-eyes-payment-operator-registration-freeze-tighter-vasp-checks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/philippines-eyes-payment-operator-registration-freeze-tighter-vasp-checks\/","title":{"rendered":"Philippines eyes payment operator registration freeze, tighter VASP checks"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/2026\/09\/01M1XKZJXYZJ9AMRCN0CK32C6E\/digital-bank-philippines.jpg\" alt=\"Philippines eyes payment operator registration freeze, tighter VASP checks\" class=\"type:primaryImage\"><\/p>\n<p>A central bank proposal would pause new payment operator registrations while requiring enhanced monitoring and transaction limits for arrangements involving virtual asset firms.<\/p>\n<p>The Philippines\u2019 central bank has proposed freezing new payment-system operator registrations for 12 months while imposing tighter controls on payment arrangements involving virtual asset service providers (VASPs).&nbsp;<\/p>\n<p>Under a draft circular, the Bangko Sentral ng Pilipinas (BSP) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bsp.gov.ph\/Regulations\/Issuances%20of%20Policy%20Exposure%20Drafts\/Draft_Circular-on-Regulations-to-Strengthen-Integrity-Controls-in-Payment-Transaction.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">said<\/a> it would suspend acceptance and processing of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications for operators of payment systems (OPS) to conduct a \u201cholistic review\u201d of its taxonomy and licensing framework.&nbsp;<\/p>\n<p>Applications submitted before the suspension could continue to be evaluated, but the BSP would not approve or deny any until the pause ends. Entities would be barred from starting activities that require OPS registration unless the regulator authorizes them otherwise.&nbsp;<\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/philippines-payment-operator-freeze-vasp-checks?utm_source=rss_feed&#038;utm_medium=feed&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A central bank proposal would pause new payment operator registrations while requiring enhanced monitoring and transaction limits for arrangements involving virtual asset firms. The Philippines\u2019 central bank has proposed freezing new payment-system operator registrations for 12 months while imposing tighter controls on payment arrangements involving virtual asset service providers (VASPs).&nbsp; Under a draft circular, the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-746259","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/746259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=746259"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/746259\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=746259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=746259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=746259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}