UnionBank to Roll Out In-App Bitcoin Trading for Users in Q4 2023

UnionBank of the Philippines is set to launch Bitcoin trading on its mobile app in the fourth quarter of 2023, having obtained a license from the Bangko Sentral ng Pilipinas (BSP) this month. The bank is said to be the

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IMF Cautions Against CBDC Risk Posed to Banks in the Philippines

Felipe M Medalla, former Governor of Bangko Sentral ng Pilipinas (BSP), earlier this year stated that the central bank of the Philippines had started a pilot wholesale central bank digital currency (CBDC) project, a major capacity-building exercise for both the

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SEC Delays Releasing Philippines Digital Assets Framework in Wake of FTX

The Philippine Securities and Exchange Commission (SEC) has deferred the rollout of a new framework for digital assets, influenced by lessons learned from the fall of Bahamas-based cryptocurrency exchange, FTX, in late 2022. The SEC Chairperson, Emilio B. Aquino, expressed

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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),

Read More Bags Advanced Electronic Payment and Financial Services License

The Bangko Sentral ng Pilipinas (BSP) has granted, 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

Read More Rolls Out QR Payments Feature for Its 18 Million Users, 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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