Crypto
Understanding Cryptocurrency Regulations in the Philippines
The Philippines has become a hotbed for cryptocurrency adoption due to its tech-savvy population and growing internet penetration. In recent years, cryptocurrencies have grown significantly, with more people using digital currencies for various purposes, including remittances, investments, and online transactions.
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Pouch Partners Strike for Remittance From the U.S. to the Philippines
Filipino startup Pouch has partnered with Strike, a digital payments platform built on Bitcoin’s Lightning Network, for fast, secure, and low-cost remittance payments from the U.S. to the Philippines. Pouch is a lightning service provider which facilitates connectivity to the
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Direct Agent 5 Secures Crypto, E-Money and EPFS Licenses From BSP
Direct Agent 5 (DA5), a provider of remittance and forex services, has secured three licenses from the Bangko Sentral ng Pilipinas (BSP). Among them are approvals to operate as a Non-Bank Electronic Money Issuer (EMI), Virtual Assets Service Provider (VASP),
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Coins.ph Bags Advanced Electronic Payment and Financial Services License
The Bangko Sentral ng Pilipinas (BSP) has granted Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, an advanced Electronic Payment and Financial Services (EPFS) license covering the operation of the Coins Pro exchange. According to a statement by
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Coins.ph Rolls Out QR Payments Feature for Its 18 Million Users
Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, has launched a new QR payment feature that will allow its users to make convenient cashless payments to merchants and businesses throughout the country. Users can simply click “Pay with
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Philippines: Web3 Is Where the Future’s at for Filipinos
Many are familiar with the term Overseas Filipino Workers (OFW), but how about the Metaverse Filipino Workers (MFW)? Instead of going outside the country, they work in the metaverse without having to leave their homes. That’s where the Philippines is
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Fintech Alliance PH Pushes for Consumer Protection-Focused Crypto Regulations
Fintech Alliance.PH, a collaboration amongst strategic players in the digital finance space operating in the Philippines, announced its support for a risk-based regulatory regime that puts consumer protection at the core. The Senate Bill 184 and Senate Resolution 126 was
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UnionBank Allows Select Customers to Buy and Sell Bitcoin Within App
Union Bank of the Philippines announced that it is set to offer virtual asset exchange services through its mobile banking app. The bank said that it is the first universal banking entity in the country to offer this service. Through
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BSP Will Not Accept New Crypto License Applications for 3 Years After Sept
The Bangko Sentral ng Pilipinas (BSP) announced that it will no longer be accepting applications for new Virtual Asset Service Provider (VASP) licenses for the next three years starting 1 September 2o22. The central bank said that this will be
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Philippines SEC Cautions Public to Not Invest in Binance
The Philippines Securities and Exchange Commission (SEC) has cautioned the public to not invest in global cryptocurrency exchange Binance in a response to a whistleblower report from public policy think tank Infrawatch. On 25 July, Infrawatch beseeched the SEC to conduct
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