Binance operates without license in Philippines, regulator says
Cryptocurrency exchange Binance has been operating in the Philippines without the necessary approval or license, according to the local securities regulator.The Philippines Securities and Exchange Commission (SEC) issued a warning against Binance on Nov. 28, informing the public that the e ...
Philippines to sell $179M in tokenized treasury bonds for the first time
The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.The Bureau of the Treasury will offer these tokenized bonds to institutional ...
Digital Dollar Project completes CBDC retail remittance pilot with Western Union
The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project.The project used a version of the DDP’s Cham ...
Bitcoin payments exec shares adoption challenges in the Philippines
As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payments provider shared how in other parts of the world, adoption may still be in its early stages. At the BTC Prague event, Cointelegraph reporter Joseph Hall interviewed ...
Philippine authorities release over 1,000 victims of crypto-fraud
Philippine authorities said they released more than a thousand citizens of several Asian countries who were forced to engage in crypto-fraud. Michelle Sabino of the Philippine National Police cybercrime unit said police raided several bui ...