Moneybees Forex Corporation has appointed Nancy M. Ocampo-Omadto as chief executive officer, emphasizing a commitment to regulatory compliance in its virtual asset operations.
This appointment makes Ocampo-Omadto the only female CEO among the non-bank virtual asset service providers (VASPs) regulated by the Bangko Sentral ng Pilipinas (BSP).
Nancy is now the only woman and the first female CEO leading a BSP-regulated non-bank VASP, a sign of more inclusive leadership in the industry.
Moneybees Statement
- Appointment boosts gender diversity in crypto leadership
- Ocampo-Omadto's role includes overseeing compliance and governance
Ocampo-Omadto joined Moneybees in September 2024 as chief legal counsel, overseeing legal affairs and regulatory engagements with key authorities like the BSP and the Securities and Exchange Commission (SEC).
In an industry where trust is the ultimate product, my focus is to steer Moneybees toward sustainable growth by embedding regulatory excellence at the core of our business strategy.
Nancy M. Ocampo-Omadto, Moneybees
Navigating Regulatory Challenges
As the BSP plans amendments to its VASP framework, Ocampo-Omadto's leadership is timely. The regulatory environment is evolving, and her compliance-first approach aims to ensure that Moneybees meets these new standards.
Jay Ricky B. Villarante, founder and chairman of the board, emphasized the importance of compliance in fostering growth.
Our responsibility now is to show that a regulated company can grow while meeting the highest standards of compliance.
Jay Ricky B. Villarante, Moneybees
Ocampo-Omadto’s Extensive Background
Bringing 17 years of legal and compliance expertise from various sectors, Ocampo-Omadto is well-equipped for her new role. She holds degrees from the University of the Philippines and San Beda University.
Her career includes significant roles in compliance and legal strategy across financial services and digital assets, including positions at Melco Resorts and Unioil Petroleum.
Context of the Philippine VASP Market
Moneybees operates physical cryptocurrency exchange desks across partnered pawnshops and remittance outlets, catering to local retail traders. The BSP's records indicate that the domestic VASP market includes nine licensed entities.