News
Spanish authorities have arrested several individuals related to ongoing investigations against crypto-driven child porn sites on the dark web.
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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.
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The Philippines Department of Finance warns people that Bitcoin Revolution uses government officials’ names to spread fake news endorsing their business.
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The Philippine Institute for Peace, Violence and Terrorism Research has been tracking transactions made by local terror groups.
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The Philippines Securities and Exchange Commission has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin.”
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UnionBank head forecasts that the coronavirus will drive banks to shift towards digital currencies, leaving physical cash behind.
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The Philippine SEC has warned of a fraudulent investment scam offering 9,000% returns through its ‘Bitcoin Revolution’ trading software.
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MakerDAO’s Gustav Arentoft talks decentralization and regional expansion in a new interview with Cointelegraph.
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An administrator of the Philippines’ crypto regulator reportedly receives an illegitimate income of $98,000 each week from gambling and cryptocurrency companies.
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The International Monetary Fund has encouraged the Philippines’ central bank to explore the possibility of starting to collect data on cross-border flows of crypto assets.
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Blockchain-based money transfer startup SendFriend utilizes Ripple’s technology to save up to 80% in remittance fees.
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ConsenSys founder Joseph Lubin has reportedly informed teams in India and the Philippines that their offices would be closing down.
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Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement with the Philippines to support the development of local tech startups.
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Philipino lawmakers should not be in a hurry to pass financial technology regulation, according to local Senator Grace Poe.
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All 7-Eleven stores across the Philippines will sell cryptocurrency for cash thanks to a partnership between crypto investment app Abra and payment processor ECPay.
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Philippine authorities have reportedly raided an alleged cryptocurrency scam and arrested 277 people following a tip from the Chinese government.
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