Regulatory Framework
Bitmarket.ph operates in full compliance with Philippine regulations and international standards for digital asset services.
Licenses and Registrations
- Registered with the Bangko Sentral ng Pilipinas (BSP)
- Licensed Virtual Asset Service Provider (VASP)
- Anti-Money Laundering Act (AMLA) compliant
- Securities and Exchange Commission (SEC) registered
AML/KYC Procedures
Know Your Customer (KYC)
We implement strict KYC procedures including:
- Identity verification
- Address verification
- Source of funds verification
- Regular account reviews
Anti-Money Laundering (AML)
Our AML program includes:
- Transaction monitoring
- Suspicious activity reporting
- Risk assessment
- Staff training
Security Measures
Technical Security
- Multi-signature wallets
- Cold storage for majority of assets
- Regular security audits
- Penetration testing
Operational Security
- Two-factor authentication
- IP whitelisting
- Access control systems
- 24/7 monitoring
Reporting Requirements
We maintain compliance with reporting requirements including:
- Suspicious Transaction Reports (STR)
- Covered Transaction Reports (CTR)
- Regular BSP reports
- Annual external audits
Consumer Protection
Our consumer protection measures include:
- Clear fee disclosure
- Transparent terms of service
- Dispute resolution procedures
- Customer support channels
Contact Information
For compliance-related inquiries:
Email: [email protected]
Address: Manila, Philippines
Last updated: March 15, 2025