Recently, Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, issued a public warning against unregistered and international crypto service providers. The central bank of the Philippines is the major regulator of the cryptocurrency industry in the country.
According to the release:
“The Bangko Sentral ng Pilipinas (Bangko Sentral) strongly urges the public not to deal with virtual asset service providers (VASPs) that are either unregistered or domiciled abroad.”
[https://thenewscrypto.com/philippines-regulator-issues-warning-against-crypto-volatility/](https://thenewscrypto.com/philippines-regulator-issues-warning-against-crypto-volatility/)