BSP Dey Extend VASP License Moratorium Amid Crypt0 Wahala

Bangko Sentral ng Pilipinas (BSP) don extend their VASP moratorium for di third year straight. For one memorandum wey dem put for 20 August 2025, di central bank talk say dem dey protect consumers, maintain financial integrity, and because cybercrime dey increase, dat na why dem go keep di moratorium from 1 September as dem dey wait global and local reassessment. Only institutions wey BSP dey supervise, like high-rated banks, fit still apply for new VASP licenses but dem go need meet stricter requirements. BSP still release advisory to warn Filipinos make dem check VASP registration for their website and report anybody wey no get license. Dis extension get plenty criticism from crypto community for BitPinas Facebook page. Traders talk say di moratorium na anti-competitive, protectionist and make monopoly strong. Dem say e dey favour local exchanges, dey undermine foreign platforms and fit kill competition, reduce liquidity and slow market innovation. Critics also talk say local exchanges get high fees plus downtime, so dem beg BSP make dem upgrade service standards before dem block international operators. Small group for community talk say make people dey careful and do proper checks.