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Moneybees Partners with Chainalysis to Implement Anti-Money Laundering Compliance Solution


Moneybees, a cryptocurrency exchange based in the Philippines, announced its partnership with Chainalysis, a blockchain data platform. Moneybees will implement Chainalysis KYT (Know Your Transaction), the company's real-time transaction monitoring service.
This collaboration will enable Moneybees to add an additional layer to its security and compliance strategy. Moneybees is a licensed Virtual Asset Service provider (VASP), registered with the Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council with MSB Registration No. 60-00816-0-00000.

The company is authorized to facilitate the exchange of virtual assets and fiat currencies, handle trading between one or more forms of virtual assets, and the transfer of virtual assets. The BSP has found the company compliant with regulations on payments, Information Technology Risk Management Standards, Guidelines on Electronic Products and Services, Business Continuity Management regulations, and Consumer Protection Standards of Conduct of BSFIs.

Chainalysis KYT is a real-time transaction monitoring solution that provides cryptocurrency exchanges and financial institutions the ability to monitor blockchains for suspicious activity. By utilizing industry-leading proprietary data, Chainalysis’s compliance solution is an integral part of a holistic cryptocurrency compliance program, allowing proactive intervention and reporting.

“Our company is working diligently to legitimize virtual assets in the Philippines. Working with Chainalysis, we will continue to build out our already comprehensive compliance programs,” said Paulo Roberto Del Puerto, CEO of Moneybees. “Working with BSP, we are providing our users peace of mind whenever they transact on our platform.”

“BSP mandates are the definitive standard for businesses who interact with digital assets and only award Certificates of Authority to those who rise to the occasion,” said Atty. Rafa Villanueva. “Our Certificate shows customers how seriously we take regulations, and we’re honored to have earned the trust of our key stakeholders.”


“The Philipines is experiencing rapid adoption of cryptocurrency, and it’s important users are confident in the platforms they choose,” said Joshua Foo, South Asia Regional Director for Chainalysis. “We are proud to provide our products to one of the leading cryptocurrency exchanges in the region. Moneybees is growing quickly, and we are excited to help them do so safely.”

Mel Plabasan, BSP Technology Risk and Innovation Supervision Director, maintains that a financial services company’s growth is significantly reliant on government compliance and the trust it generates with the public. “Businesses aspiring to provide virtual asset financial services here in the Philippines and obtain a VASP license accordingly would be in an advantageous position to grow and play a vital role in the industry,” said Plabasan. “We believe this to be a byproduct of our continuing pursuit of a favorable regulatory environment that fosters digital innovation and transformation.”

For more information about Moneybees, visit their website at

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