BSP grants full VASP license to UnionBank

By The Manila Times

Sep 20, 2023 12:36 am

UNION Bank of the Philippines (UnionBank) on Tuesday said it had been given the go signal by the Bangko Sentral ng Pilipinas to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the country to offer such.

The full VASP license means the bank can now extend virtual asset exchange services to a broader base of its customers through the UnionBank Online app.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Cebu Pacific passenger volume surges in January

Aboitiz firm to switch off power barges for repairs

Potato Corner seen boosting SPAVI profits

AyalaLand Logistics nets P701M in 2024

MUFG, Mynt close share purchase deal

Unicapital trims 2025 index target to 7,800

First Gen, Belmont Group ink power supply contract