Philippines News

The Philippines' SEC is taking steps to block local access to Binance, citing that the exchange operates without the necessary license.

The Philippine SEC announces plans to block Binance access, cautioning against unregistered investments and warning of legal repercussions for promoters.

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…

Circle, a global fintech firm, has teamed up with Coins.ph to promote the use of USDC for remittances in the Philippines.

SBI Group announced an expanded partnership with Ripple and SBI Ripple Asia to broaden its remittance services on Sep. 6

Following in the footsteps of Ripple, Gemini gears up for a legal battle with the SEC; Asia makes efforts towards boosting its crypto regulations

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,…

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…

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…

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…

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…

Bitcoin wallet provider and investment platform Abra says people can now buy cryptocurrencies at any 7-Eleven outlet in the Philippines. The news is the latest development in efforts to make cryptocurrencies more easily accessible to users in markets across the…

Law enforcement agents in the Phillippines while acting on a tip from the Chinese Embassy, have arrested 273 Chinese nationals for allegedly defrauding over 1,000 investors in a cryptocurrency investment scam, reports Inquirer on September 16, 2019. End of the…

Local Philippines media outlet Philstar Global is reporting that a couple of cryptocurrency exchanges have obtained authorization from the country’s central bank. This development follows similar approvals gotten by close to a dozen platforms in recent time. Several countries in…

Union Bank in the Philippines, funded by Aboitiz Equity Ventures, has launched a stablecoin with the ticker PHX. In doing so, Union Bank has become the first bank in the country to conduct transactions via a blockchain. PHX transactions are…

Union Bank of the Philippines has joined forces with OCBC Bank of Singapore to facilitate a cross-border transfer from Singapore to the Philippines using the Ethereum-powered Adhara liquidity management, and international payments platform its (Unionbank) proprietary i21 platform, reports local…