Tag "cryptocurrency"
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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Philippine Based Crypto Startup PDAX Receives Funding Boost from BitMEX
Philippines Digital Asset Exchange (PDAX), a locally based cryptocurrency exchange platform recently received an undisclosed sum of funding from BitMEX Ventures. This news follows a recent investment by Consensys into PDAX. According to BitMEX co-founder and CEO Arthur Hayes, they
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The First Stablecoin Pegged to the Philippine Peso is Launched to Facilitate Money Transfers
Bitspark, a bankless money transfer platform, has just launched what it claims to be the first market-ready cryptocurrency pegged to the Philippine Peso (PHP)—named the peg.PHP Based in Hong Kong, the blockchain-enabled company made the revelation today, following its recent
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There Are 41 Crypto Businesses Licensed in Philippines Right Now
Philippines has been taking active steps recently to reform its regulation in efforts to position itself a crypto friendly regime . The country’s central bank, Bangko Sentral ng Pilipinas (BSP), released its rules for domestic exchange in February 2017, seeking
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Philippines Approves 3 More Crypto Exchanges Amid Soaring Bitcoin Prices
Bangko Sentral ng Pilipinas has green-lit another 3 cryptocurrency exchanges to operate in the Philippines. The new licensed firms include Bexpress Inc, Coinville Phils Inc. and Aba Global Philippines Inc. This brings the total number of licensed cryptocurrency exchange in
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Philippines’ Cryptocurrency Enabled Wallet Can Now Accept Western Union Transfers
Blockchain-based financial services company Coins.ph and Western Union have teamed up to allow the fintech startup’s five million customers receive international and domestic money transfers directly into their mobile wallets in the Philippines. The collaboration was announced following news of
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ConsenSys Ventures Backs Philippine Crypto Trading Startup PDAX
Crypto-exchange platform Philippine Digital Asset Exchange (PDAX) has raised an undisclosed amount of investment made by ConsenSys Ventures, the venture capital arm of US-based blockchain software firm ConsenSys. Founded in 2017 by Nichel Gaba, Krystian Kucharzyk, and Yang Yang Zhang,
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Philippines’ CEZA Favours Self-Regulation in New Cryptocurrency Asset Regulation
The Philippines’ “fintech city ” Cagayan Economic Zone Authority (CEZA) has crafted a new set of rules in the acquisition and trading of cryptocurrency assets in the Philippines meant to effectively regulate and protect investors. CEZA disclosed it has approved
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