The Bangko Sentral ng Pilipinas (BSP) has issued landmark guidelines formalizing the use of electronic money in online transactions, reportedly the first of its kind of electronic innovation in the world. The new rules sets a maximum monthly load limit of P100,000 (or $2,068) on any e-money instrument such as cash cards, e-wallets and similar products. The Anti-money Laundering Law will also cover e-money transactions.
Source: Philstar
2 comments:
I wonder how this will affect bloggers and others earning more than $2,068 on a monthly basis. Will this limit earnings to a max of P100,000 monthly. Doesn't seem fair though.
I also wonder how the BSP plans to implement this especially for online accounts (like e-wallets) that don't require local bank accounts or local credit cards.
I would tell my blogger friends about this. Thanks for the info!
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