Crypto

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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MoneyGram Launches Global Crypto-To-Cash Service in the Philippines

MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of  its crypto-to-cash service that is now available in key remittance markets, including the Philippines, Canada, the U.S., and Kenya for the first wave of users.

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Coins.ph Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence

Philippines’ fiat and crypto wallet services provider Coins.ph announced that it has closed a US$30 million Series C financing led by Ribbit Capital, and joined by other strategic investors. The company said that the new capital will be used to

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Fintech Philippines Report 2022 Highlights the Rise of Crypto and Advent of Digibanks

In the Philippines, the fintech sector is developing at a rapid pace, fueled by booming digitalization, a favorable regulatory landscape, and ongoing effort by the government to help boost financial inclusion, a new report jointly produced Fintech News Philippines and

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Crypto Exchange PDAX Bags US$12.5 Million in Fundraise Joined by Unionbank’s UBX

The Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange licensed by the Bangko Sentral ng Pilipinas, announced that it has raised US$12.5 million (₱ 630 million) in funding. The funding round was led by an unnamed UK-based venture capital firm.

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The Philippine Stock Exchange Wants To Offer Crypto Trading

The Philippine Stock Exchange (PSE) is awaiting a nod from regulators to start cryptocurrency trading, CNN has reported. PSE President and CEO Ramon Monzon believes that the bourse is ideal for crypto trading owing to its existing trading infrastructure and

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Nearly 300 Arrested in Philippines for Alleged Crypto Investment Scam

227 Chinese nationals were arrested in Pasig City, Philippines, on suspicion of running a crypto investment scam targetting would be investor back in China. This was according to local media, The Inquirer. The 227 Chinese nationals all had Cagayan Economic

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