News
According to the Department of Justice, Forsage employed smart contracts that were coded in ways consistent with a Ponzi scheme.
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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.
- Market Analysis
Bitcoin Lightning Network adoption receives a boost with the launch of U.S. dollar payments and the decentralized social media platform Nostr.
5294 - News
The Filipino securities regulator is moving to enact tighter rules on crypto, crypto companies and other financial products using blockchain technology.
4252 - News
UnionBank, one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.
7194 - Interview
YGG’s head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it’s located in.
2981 - News
The Central Bank of the Philippines warns the public against using non-local crypto trading platforms.
2527 - Newsletter
U.S. Treasury links the crypto mixer with $7 billion worth of laundered money.
1428 - Interview
The Philippine central bank sees crypto's potential for improving domestic and cross-border payments, but the authority is still negative about crypto as a legal tender.
4831 - News
The Banko Sentral ng Pilipinas said that the closing of VASP applications begins on Sept. 1, 2022, and will last for three years.
2385 - Interview
Binance’s head of Asia-Pacific Leon Foong said that they are not distracted by the efforts of so-called lobbying bodies to ban Binance.
2887 - News
Infrawatch PH Convenor Terry Ridon said that the SEC’s response clarifies the government’s position on crypto platform operations.
16880 - News
A think tank in the Philippines doesn’t give up on efforts to ban Binance, now claiming that the crypto exchange has been operating illegally in the country.
6656 - Analysis
The archipelagic country of the the Philippines is exploring blockchain use cases across different industry verticals.
4296 - News
Weekly Bitcoin trading volumes in the Philippines peso grew steadily on Paxful this year and eventually hit a new high in July.
3036 - News
Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country.
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