On August 7, the Central Bank of the Philippines (BSP) announced that it will initiate a series of new regulatory measures targeting online gambling transactions, aimed at strengthening financial institutions' control over the flow of gambling funds. These new regulations require banks, electronic w
Recently, Apple Pay and Google Pay officially received approval from the Central Bank of the Philippines, confirming that their operations in the Philippine market do not require central bank registration permission. Since these two payment platforms only provide technical services and do not involv
The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) recently issued a public consultation draft proposing stricter regulation of banks and electronic wallet services involved in online gambling payments. This move aims to enhance protection for minors, problem gamblers, and other
The Central Bank of the Philippines (BSP) recently issued a new regulatory draft aimed at comprehensively strengthening the supervision of payment activities related to electronic gambling, preventing money laundering, curbing gambling addiction, and severing the financial ties between the financial
The Anti-Money Laundering Council (AMLC) of the Philippines has officially launched a financial investigation into the ransom flow in the kidnapping case of Chinese businessman Anson Que, focusing on whether there is systemic money laundering through the use of cryptocurrencies and casino accounts.
Due to a surge in the supply of mid-range apartments and the withdrawal of gaming operators (POGOs), rental prices in Manila have fallen to their lowest level in 15 years. Real estate experts point out that this not only poses challenges for landlords but also provides a rare opportunity for potenti
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