The Bangko Sentral NG Pilipinas (BSP) is reminding of the Filipinos who carry out transactions only with suppliers of virtual asset services (VASP) graduated by BSP to guarantee consumer protection in cryptographic transactions.
Why does it matter: BSP said that unregulated cryptographic platforms represent risks such as fraud, operational failures and lack of legal resource for users. BSP license vessels are required, according to the regulator, continue to follow strict policies that protect consumers. (Read more: Virtual currency exchanges list licensed in the Philippines)
What to do if you have problems with a vasp:
The BSP mentioned the following steps:
- Contact you BSP license vasp First to solve any concern.
- If the problem remains unsolved, intensifies BSP through these Consumer assistance channels:
- Buddy chatbot online BSP (Webchat, Facebook Messenger)
- Direct line numbers: (02) 8708-7081, (02) 5306-2584, (02) 8708-7087 and (02) 8708-7101 Local 2584
- Email: [email protected]
Zoom in: The suspension of new VASP applications will rise this year.
This article is published in Bitpins: Take Quick: BSP urges encryption users to participate only with license vasps
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