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.

Analysis
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Asian CBDC projects: What are they doing now?
Jinia Shawdagor
2021-10-16T14:07:00+01:00
4038
News
The Philippine government is yet to determine whether Axie’s in-game NFTs should be classified as securities or currency.
Philippine regulator tells Axie Infinity players they must pay tax on income from game
Samuel Haig
2021-08-25T05:05:21+01:00
9364
News
The Philippine Stock Exchange is waiting for the local SEC to issue guidelines for crypto trading.
Philippine Stock Exchange wants to launch local crypto markets first
Martin Young
2021-07-05T06:36:41+01:00
4570
News
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.
Major Philippine e-wallet GCash eyes crypto trading
Helen Partz
2021-06-04T10:46:47+01:00
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Sponsored
This all-in-one DeFi platform wants everyone to benefit from crypto — delivering easy-to-understand educational resources alongside a suite of products.
This all-in-one DeFi platform wants to bring crypto to the masses
Connor Sephton
2021-06-01T15:00:00+01:00
13643
News
The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness.
New ASEAN blockchain consortium targets cross-border cooperation
Helen Partz
2021-04-23T10:12:31+01:00
13186
News
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 hap...
Exchange demands users return Bitcoin bought for $6K during tech glitch
Cyrus McNally
2021-02-24T05:08:37+00:00
72900
News
Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
Nigeria and South East Asia led global crypto adoption in 2020
Samuel Haig
2021-02-18T05:47:24+00:00
17827

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