The Bangko Sentral ng Pilipinas has released an advisory highlighting guidelines on Virtual Asset Service Providers (VASP).
Under Circular 1108, Virtual Asset (or cryptocurrency) transfers from Virtual Asset Service Providers (such as Coins.ph) amounting to PHP 50,000 and above are required to submit the following information in order to receive the funds:
- Sender’s name,
- Sender’s wallet address,
- Sender's exchange platform, and
- Sender’s address
All information submitted to our platform will be treated with utmost confidentiality.
You may learn more here: How does the Travel Rule affect external transfers?