Daily brief
Regulatory · Philippines · Tue 8 Sept · 1 min read
PH proposes 12-month freeze on new payment operators
What happened
The Philippines proposing a 12-month moratorium on new payment operator licenses, combined with tightening crypto rules, is the most consequential regulatory development for crypto payment infrastructure in this market right now. Read alongside the BSP's existing preference for managed engagement over blanket crackdown, this is a deliberate capacity cap: the regulator is closing the entry door while it audits what is already inside.…
Sources: Google News
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