THE BANGKO SENTRAL ng Pilipinas (BSP) is working on regulations to tighten oversight on cryptocurrencies as part of efforts to deter crimes involving dirty money. BSP General Counsel Roberto L. Figueroa said they plan to issue regulations that would complement the Anti-Money Laundering Act (AMLA). “When the AMLA was enacted into law… I mean, nobody was even thinking about cryptocurrency (back then), right? It also sought to align its regulations with international standards on anti-money laundering and countering the financing of terrorism. The BSP has several regulations on virtual assets (VA), such as Circular No.