Payments services firm Bitspark is releasing a cryptocurrency pegged to the Philippine Peso dubbed “peg.PHP.”
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.
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Payments giant Western Union will integrate the Coins.ph blockchain-based platform, enabling Filipinos to conduct cross-border money transfers.
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Philippine bank Union Bank is reportedly launching the country’s first two-way cryptocurrency ATM.
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The Philippines has issued new rules affecting the acquisition of crypto assets, including utility and security tokens
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The Philippine Securities and Exchange Commission isn’t ready to issue final initial coin offering regulation, meant for release in 2018.
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Blockchain technology can aid in defragmenting many countries’ procurement structures, a new report concludes.
- Analysis
by Henry Linver
The Philippine government is about to reveal industry-defining regulation for cryptocurrency
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Filipino authorities have hinted they will publish regulations on ICOs and cryptocurrency exchanges towards the end of next week.
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by Helen Partz
The Philippines SEC has issued a draft memorandum on ICOs, inviting banks and investors to review it.
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by Helen Partz
Philippines’ League of Legends has removed crypto-mining malware from its gaming client after an attack that lasted two days.
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The Cagayan Economic Zone Authority has awarded licenses to three crypto exchanges, expecting to raise at least $3 million in investments.
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The central bank of the Philippines has approved applications from two new crypto exchanges, allowing them to convert Philippine pesos into virtual currencies
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A new ecosystem is creating “fair and easy access” to modern financial services for millions of unbanked people in the Philippines and other developing countrie...
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Alibaba’s Ant Financial trials blockchain remittances, CEO Jack Ma confirming he intends to take the option global.
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IBM’s blockchain remittance pilot is forming the basis of a new service between the Philippines and Japan for the country’s overseas workers.
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