Regulation· ★★★· neutral·

Philippines tightens digital bank rules as tokenized payments expand

  • —BSP sets a PHP 1 billion ($15 million) minimum capital for digital-bank models
  • —Circular No. 1240 adds stricter reporting, risk management and internal controls
  • —IBM connects SWIFT's shared ledger to Digital Asset Haven for tokenized deposits
  • —BNY's Pay-to-Wallet enables cross-border payments to retail digital wallets
Why it matters: Tighter rules and growing tokenized-deposit infrastructure accelerate the convergence of banking and blockchain rails across Asia-Pacific.
Source: CoinGeek
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