News
The exchange platform is looking to get virtual assets service provider and e-money issuer licenses from the Banko Sentral ng Pilipinas.
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Philippines News
The Philippines, officially the Republic of Philippines, is a unitary archipelagic country in Southeast Asia. The Philippines is the 63rd largest country in the world and 12th in terms of population. The Philippines is one of the most ethnically diverse countries and has a large amount of various religious confessions. Philippines had gross domestic product of $348 billion at the end of 2018, making it the 34th largest economy at the time. The economy is largely made up of manufacturing electronic products, transport equipment, petroleum and its products, and agricultural goods. The economy of the Philippines is becoming more and more tech-oriented, even though 30% of the labor force is employed in the agricultural sector. Cryptocurrency in the Philippines is legal due to Circular No. 944 form, which established guidelines for Virtual Currency exchanges on June 2, 2017. The Philippines control over Bitcoin exchanges is performed by the Central Bank of the Philippines.
- News
Enrico Paringit, an official at the Department of Science and Technology, said that the goal of the training is to build non-crypto apps.
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Voyager reportedly plans to integrate cryptocurrencies, micro investments and insurance products into PayMaya, which already includes a digital wallet.
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With the new feature, PayMaya intends to make it simpler for Filipinos to learn about and use cryptocurrencies.
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BSP Governor Benjamin Diokno says that the goal of the project is to enhance “the payment system’s safety, resiliency, and efficiency.”
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"With the recent launch of our APAC headquarters in Singapore, we can ensure that we continue to offer best-in-class services to UnionBank and other clients in the region," says Patrick Enjalbal, vice president of customer success and managing director of the Asia-Pacific region at Metaco.
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Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
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The Philippine government is yet to determine whether Axie’s in-game NFTs should be classified as securities or currency.
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The Philippine Stock Exchange is waiting for the local SEC to issue guidelines for crypto trading.
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One of the most popular e-wallets in the Philippines, GCash, is considering a potential move into crypto following the example of PayPal, Venmo and others.
8267 - Sponsored
This all-in-one DeFi platform wants everyone to benefit from crypto — delivering easy-to-understand educational resources alongside a suite of products.
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The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness.
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An apparent “glitch” on PDAX temporarily dropped BTC prices by 88% and saw trading suspended. The exchange held a press conference yesterday to explain what happened.
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Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
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The Bangko Sentral ng Pilipinas has expanded its regulatory remit of the crypto space to include all cryptocurrency financial service providers.
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