BSP Warns Unlicensed Entity Bangko Maharlika Ltd Over Crypto Activities

The Bangko Maharlika Ltd has been issued an advisory by the BSP (Bureau of the Treasury) for operating as an unlicensed entity in the Philippines. The Bangko Maharlika Ltd is allegedly involved in cryptocurrency activities without proper authorization. This move comes after a thorough examination and investigation conducted by the BSP.

No further details were provided regarding the alleged activities or any potential consequences for the entity. However, this advisory serves as a reminder to all entities operating in the Philippine financial sector to comply with existing regulations and obtain necessary licenses before engaging in any business activities.