Vietnam's prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.
March 31, 2022Central bank staff are working with software engineers to simulate how transactions would be made with a CBDC, known as "govcoin".
June 28, 2021The BSP will no longer consider a distinction between a basic and advance digital bank, according to a revised circular issued for industry review and feedback.
October 9, 2020The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.
September 30, 2020The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.
April 26, 2019In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.
February 21, 2019