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.

News
Voyager reportedly plans to integrate cryptocurrencies, micro investments and insurance products into PayMaya, which already includes a digital wallet.
Philippines' fintech achieves unicorn status after embracing crypto payments
Arnold Kirimi
2022-04-12T11:18:16+01:00
3579
News
With the new feature, PayMaya intends to make it simpler for Filipinos to learn about and use cryptocurrencies.
The Philippines' top payment provider adds crypto to its mobile app
Arnold Kirimi
2022-04-07T08:24:59+01:00
4045
News
BSP Governor Benjamin Diokno says that the goal of the project is to enhance “the payment system’s safety, resiliency, and efficiency.”
The Philippines to launch pilot CBDC implementation
Ezra Reguerra
2022-03-08T13:34:57+00:00
10662
News
"With the recent launch of our APAC headquarters in Singapore, we can ensure that we continue to offer best-in-class services to UnionBank and other clients in ...
Union Bank of the Philippines selects Metaco and IBM to facilitate digital asset custody operati​​ons
Zhiyuan Sun
2022-01-20T06:00:00+00:00
3268
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
4796
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
9948
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
4713
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
8247

Follow us on Facebook