The Bangko Sentral ng Pilipinas (BSP) has granted Filipino digital bank GoTyme approval to operate as a Virtual Asset Service Provider (VASP).
This license enables GoTyme to explore and potentially offer digital asset services, following UnionBank, which received similar approval in November last year.
Currently, both GoTyme and UnionBank remain inactive as VASPs, per BSP records, indicating that these banks may still be working on necessary infrastructure and compliance frameworks for digital asset services.
GoTyme has yet to release a formal statement about this matter.