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#digital financial services safeguards

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The Bangko Sentral ng Pilipinas (BSP) announced in a press release that it is “finalizing new rules” for banks, e-wallets, and other financial service provides to adopt ‘stronger safeguards’ against online gambling. According to the BSP, these measures aim to minimize the risks of addiction, fraud, and financial harm while encouraging the responsible use of digital financial services. The European Commission has issued preliminary findings that Meta may have violated the Digital Services Act (DSA) over the allegedly addictive design of Facebook and Instagram. The investigation was formally launched in May 2024 and is part of the European Union's broader efforts to ensure that major online platforms comply with the Digital Services Act. Read more in our articles including "BSP to implement stricter measures vs. online gambling: including face recognition" and "EU says Meta's infinite scroll and autoplay may violate Digital Services Act".

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Frequently Asked Questions

What is digital financial services safeguards?

The Bangko Sentral ng Pilipinas (BSP) announced in a press release that it is “finalizing new rules” for banks, e-wallets, and other financial service provides to adopt ‘stronger safeguards’ against online gambling. According to the BSP, these measures aim to minimize the risks of addiction, fraud, and financial harm while encouraging the responsible use of digital financial services.

What have you covered about digital financial services safeguards?

The European Commission has issued preliminary findings that Meta may have violated the Digital Services Act (DSA) over the allegedly addictive design of Facebook and Instagram. The investigation was formally launched in May 2024 and is part of the European Union's broader efforts to ensure that major online platforms comply with the Digital Services Act.

Where can I find articles about digital financial services safeguards?

Our coverage of digital financial services safeguards includes: "BSP to implement stricter measures vs. online gambling: including face recognition"; "EU says Meta's infinite scroll and autoplay may violate Digital Services Act"; "DSWD pushes digital shift to speed up social services". Each article provides unique insights and information.