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Latest Philippines News
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The Philippine central bank has completed trials for a wholesale CBDC proof-of-concept designed to enable round-the-clock fund transfers among financial institutions. The Bangko Sentral ng Pilipinas has concluded testing for Project Agila, a proof-of-concept for a wholesale central bank digital…
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Disgraced former Philippine mayor Alice Guo has been linked to the defunct Atom Asset Exchange, which laundered and stole millions in customer cryptocurrency assets in 2022. This connection comes as Guo faces trial for human trafficking and fraud, according to…
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Philippine authorities conducted a predawn raid on a Chinese-run scam center in Manila on August 22, arresting nearly 100 individuals involved in crypto and romance scams. Philippine police raided a Chinese-run scam center in Manilla, Philippines, on August 22, arresting…
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Developed by the Philippines’ crypto exchange Coins.ph, the PHPC stablecoin tied to the Philippine Peso has made its way to Ronin. PHPC, an Ethereum-based stablecoin created by Coins.ph, is now available on Ronin, enabling local blockchain game players to use…
RON
Ronin
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The Philippines Securities and Exchange Commission (SEC) is looking to remove the Binance app from Google Play store and Apple’s app stores nationwide. On April 9, the commission sent separate letters to Google and Apple requesting the removal of the…
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The Philippines' SEC is taking steps to block local access to Binance, citing that the exchange operates without the necessary license.
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The Philippine SEC announces plans to block Binance access, cautioning against unregistered investments and warning of legal repercussions for promoters.
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Crypto exchange Binance has been operating in the Philippines without securing the necessary license or approval, as reported by the country’s securities regulator. On Nov. 28, The Philippines Securities and Exchange Commission (SEC) released a warning about Binance, notifying the public that…
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Circle, a global fintech firm, has teamed up with Coins.ph to promote the use of USDC for remittances in the Philippines.
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SBI Group announced an expanded partnership with Ripple and SBI Ripple Asia to broaden its remittance services on Sep. 6
XRP
XRP
Recap
Following in the footsteps of Ripple, Gemini gears up for a legal battle with the SEC; Asia makes efforts towards boosting its crypto regulations
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The Philippines’ Securities and Exchange Commission (SEC) has warned residents against investing in Gemini’s recently launched derivatives products, as the exchange does not have the necessary license or authority to operate the business in the country. The Philippines financial watchdog,…
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As per a recent report, the crypto exchange, Binance, joined the FinTech Alliance Philippines and other agencies to aid the government in regulating the crypto sector. The news comes after the Philippines SEC warned the public about using Binance. Binance…
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The Philippines financial regulator has not taken kindly to people making money off of blockbuster blockchain-based game Axie Infinity. Income Made via Axie Infinity is Taxable The Department of Finance (DOF) of the Philippines has warned the players of the…
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Philippines central bank, Bangko Sentral ng Pilipinas (BSP) has made key changes to its regulations guiding crypto assets. The changes according to the bank are aimed towards preventing the use of cryptocurrencies in money laundering schemes. New Regulations to Prevent…
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The UnionBank of the Philippines, one of the Philippines’ major banks, partnered with a cryptocurrency remittance platform and Ripple partner, Coins.ph, to introduce a cash-out network to enable make it easier for citizens to send money abroad. UnionBank and Coins.ph…
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