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Philippines Tightens Crypto Rules, Proposes 12-Month Freeze

Philippines Tightens Crypto Rules, Proposes 12-Month Freeze

The post Philippines Tightens Crypto Rules, Proposes 12-Month Freeze appeared first on Coinpedia Fintech News

The Philippines central bank is proposing a 12-month freeze on new payment system operators as it moves to tighten controls around digital payments and crypto businesses.  The plan would also put stricter checks on payment arrangements involving regulated virtual asset firms, with stronger monitoring and transaction limits. Philippines Wants to Pause New Payment Registrations On …