Moneybees

Overview

Moneybees Forex Corporation is the Philippines' first over-the-counter (OTC) cryptocurrency buy/sell service, BSP-registered as a Virtual Asset Service Provider since 2020. Customers trade Bitcoin, Ethereum and USDT in cash, in person, at BSP-licensed money changers, remittance agents and pawnshops in malls and business centers nationwide (around 26 OTC locations as of 2024) and via an online trading desk. It also offers white-label OTC technology to money-service businesses. Founded in 2017, it is part of founder Jay Villarante's 8Ventures group.

Funding and ownership

People

• JRJay Ricky VillaranteFounder, Chairman & CEO

Licences and certifications

• BSP-registered Virtual Asset Service Provider (VASP)Check: List of Virtual Asset Service Providers (VASP)
• MSB Registration No. 60-00816-0-00000Check: BSP directory of banks and financial institutions
• BSP-supervisedCertification
• AMLC-registeredCertification