BSP’s July Directory Lists Moneybees as a Philippine VASP

The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, listed Moneybees Forex Corp. as a virtual asset service provider in its July 15, 2026, directory. The directory named Jay Ricky B. Villarante as the company’s president as of that date.

Moneybees offers over-the-counter cryptocurrency buying and selling through partner outlets and an online trading desk. Moneybees Forex Corp. is registered with the BSP and the Anti-Money Laundering Council (AMLC) as a VASP, with MSB registration number 60-00816-0-00000.

BSP Circular No. 1108, issued in 2021, sets guidelines for VASPs. They cover exchanges between virtual assets and between virtual assets and fiat currencies, transfers, and the safekeeping or administration of virtual assets. The circular also addresses risk management, customer due diligence and consumer protection.

A BSP memorandum continued a moratorium on new VASP licenses beginning Sept. 1, 2025, subject to reassessment. In a Jan. 30, 2026, memorandum, the regulator reminded supervised financial institutions to assess risk and conduct due diligence when dealing with VASPs and other counterparties.