Deep Tide TechFlow News, May 9th, according to BusinessMirror reports, the Bangko Sentral ng Pilipinas (BSP) issued a warning on May 8th, reminding the public, especially cryptocurrency users, not to engage in transactions with unauthorized virtual asset service providers (VASPs). BSP pointed out that such activities may face operational risks such as fraud, cyberattacks, bankruptcy, and other issues, as well as the lack of legal recourse channels. BSP stated that it will collaborate with the Securities and Exchange Commission (SEC), the National Telecommunications Commission (NTC), and other agencies to strengthen market regulation, restrict Filipinos from accessing unauthorized platforms, and called on consumers to protect personal information, develop good online habits, and only transact with licensed institutions.

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