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Verified restriction · key points (not the full text)

BSP Circular No. 1108 (2021): VASP licensing and capital requirements

Authority: Bangko Sentral ng Pilipinas (BSP)First published: View the official source

Document text

Verified restriction: key points stated in the official source

VASPs are money service businesses requiring a Certificate of Authority

Minimum paid-in capital: PHP 50 million with custody services, PHP 10 million without

Applications include beneficial owner fitness review plus registration and annual fees

Independent source key points; not an official full text or licensed full translation.

Because the source’s reuse terms do not authorise commercial full-text republication, this page presents key points independently compiled by Man Kun. It is not the official full text or a complete translation. Please consult the official source for the complete document and its annexes.

Key cautions

  • VASPs are money service businesses requiring a Certificate of Authority
  • Minimum paid-in capital: PHP 50 million with custody services, PHP 10 million without
  • Applications include beneficial owner fitness review plus registration and annual fees

Sources