Clarifying BSP's Crypto Travel Rule Guidelines | Webcast 36

Republished By Plato

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The “crypto travel rule” is a regulation that requires companies dealing with cryptocurrencies, like exchanges, to share information about who is sending and receiving money during transactions.

This rule, part of the broader set of recommendations by the global anti-money laundering watchdog Financial Action Task Force (FATF), is designed to prevent illegal activities like money laundering. When a cryptocurrency transaction is above a certain amount, these companies must exchange details like the names and addresses of the people involved in the transaction.

Recently, the BSP provided clarity on this rule, particularly regarding P2P transactions and unhosted wallets.

Join us for a pivotal episode in our second BitPinas webcast of 2024, as we dissect the complexities of the BSP’s “Travel Rule.”

Scheduled for January 24 at 8 PM on our social media channels, this session features legal aces Atty. Michelle Regala Niebres from PDAX, Atty. Jennifer “Apple” Densen from Densen Law, and Atty. Robert De Guzman of Coins.ph.

Watch on Facebook or on YouTube here:

Clarifying BSP's Crypto "Travel Rule" Guidelines | BitPinas Webcast 36

Key Highlights:

In-Depth Analysis: Our guests will delve into the nuances of the BSP’s Travel Rule, interpreting its implications for the Philippine crypto landscape.
Legal Perspectives: How do this rule affects VASPs, peer-to-peer transactions, and unhosted wallets.
Interactive Q&A: Engage with the panelists posing your questions about the regulatory future of cryptocurrencies in the Philippines.

6 viewers will again receive 50K satoshis from Bitshares Labs as well as a certain number of commenters will also receive the Tambay NFT web3 journal.

This article is published on BitPinas: Clarifying BSP’s Crypto Travel Rule Guidelines | Webcast 36

Disclaimer:

Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
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