BSP, CDA Release Proposed Joint Circular on E-Money Issuers The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) have released a proposed joint circular that will set guidelines for cooperatives planning to operate as electronic money issuer-non-bank financial institutions (EMI-NBFIs) or operators of payment systems (OPS). The document is titled: “Guidelines for Cooperatives Engaged or Intending to Engage in Activities […]