All 7-Eleven stores across the Philippines will sell cryptocurrency for cash thanks to a partnership between crypto investment app Abra and payment processor EC...
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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by Aaron Wood
Philippine authorities have reportedly raided an alleged cryptocurrency scam and arrested 277 people following a tip from the Chinese government.
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by Joeri Cant
Philippine boxing champion Manny Pacquiao has launched his own cryptocurrency, which will reportedly be listed on Singapore’s Global Crypto Offering Exchange.
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In a bid to drive greater financial inclusion, Philippines-based UnionBank has launched a payments-focused stablecoin pegged to the Philippine peso.
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The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore.
- Crypto Map
Russia may join a list of countries with an offshore crypto zone with a plan to build its own on an island.
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The governor of the Philippines’ central bank has warned against crypto-enabled terrorism financing.
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by Thomas Simms
BitMEX has invested in the Philippine Digital Asset Exchange, which is licensed by the country’s central bank.
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Payments services firm Bitspark is releasing a cryptocurrency pegged to the Philippine Peso dubbed “peg.PHP.”
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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.
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