Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers

Bitcoin.com | Aug 19, 2022 at 5:30 AM
  • In the Philippines, the central bank is the primary regulator of the crypto sector.
  • The central bank warned that the government does not guarantee protection against financial losses stemming from crypto price fluctuations.
  • Bangko Sentral ng Pilipinas has urged the public to immediately report unlawful activities facilitated through cryptocurrencies and/or crypto service providers to the central bank.