BSP Bans Privacy Coins, Mandates Stricter Token Standards
- Privacy Coin Ban: The Bangko Sentral ng Pilipinas (BSP) has explicitly prohibited virtual asset service providers (VASPs) from listing or supporting privacy-enhancing virtual assets, aiming to strengthen regulatory oversight over the rapidly growing digital asset market and ensure compliance and transparency.
- Six-Pillar Assessment: VASPs must assess each token across six defined pillars, including issuer background, market maturity, and transparency, to ensure that tokens meet stringent compliance requirements, thereby reducing the risk of market abuse.
- Ongoing Monitoring Mechanism: The BSP mandates that VASPs conduct continuous monitoring of listed virtual assets and establish deviation thresholds that serve as automatic triggers for suspension or delisting, preventing potential investor losses during market fluctuations.
- Enhanced Compliance and Transparency: The new regulations require VASPs to provide token whitepapers and project documentation, ensuring that customers have access to necessary risk disclosures, thereby enhancing overall market transparency and investor confidence.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00194 | 0.00216 | 0.00236 | 0.00258 | 0.00278 | 0.003 | 0.0032 |
| Fibonacci | 0.00216 | 0.00232 | 0.00242 | 0.00258 | 0.00274 | 0.00284 | 0.003 |
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