Eleonora
Sat Jul 06 2024
|
7 answers
2332
How does the BSP regulate crypto exchanges?
Could you elaborate on the regulatory framework employed by the Bangko Sentral ng Pilipinas (BSP) in overseeing crypto exchanges in the country? Are there specific rules and standards crypto exchanges need to adhere to? Are there measures taken to protect investors from fraud and scams? Are there reporting requirements or regular audits conducted to ensure compliance? Additionally, how does the BSP monitor the market and assess the risks associated with crypto trading activities? What happens if a crypto exchange violates the regulations? Lastly, does the BSP collaborate with other regulatory bodies globally to share information and best practices in regulating crypto exchanges?
