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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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.

Read More Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence

Philippines’ fiat and crypto wallet services provider 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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