Coins.ph introduced a new payment feature that has allowed users to send payments to merchants using Philippine pesos, crypto stablecoins, or a combination of both
The BSP has renewed its warning to the public not to deal with unauthorized virtual asset service providers (VASPs), saying that crypto users who deal with them carry the risk of asset loss and bankruptcy.
In the Philippines there are currently two regulators that govern the issuances of licenses to cryptocurrency provders and exchanges: the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission