philippines Archives

Digital innovations will spur the Philippines’ economy, President Ferdinand Marcos Jr. says

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14 September, 2022

Digital innovations will spur the Philippines’ economy, President Ferdinand Marcos Jr. says

President Ferdinand "Bongbong" Marcos Jr. believes the Philippines must leverage digital innovations to stay competitive globally, mentioning blockchain as a...

Philippines has the numbers to be Asia’s blockchain capital, telco giant says

Business

Steve Kaaru

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13 September, 2022

Philippines has the numbers to be Asia’s blockchain capital, telco giant says

Dito CME believes that with a population of 110 million and a media age of 25, the Philippines has the...

Philippines securities regulator issues warning against investing with Peak Finance

Business

Wahid Pessarlay

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30 August, 2022

Philippines securities regulator issues warning against investing with Peak Finance

A lengthy prison term and a hefty fine await individuals affiliated with and promoting Peak Finance, an unlicensed platform that...

Philippines: 2 more digital banks commence operations after central bank approval

Business

Steve Kaaru

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26 August, 2022

Philippines: 2 more digital banks commence operations after central bank approval

GoTyme and UnionDigital Bank recently got the green light from the Bangko Sentral ng Pilipinas (BSP) and have now started...

Senate committee weighs regulation for digital assets in the Philippines

Business

Steve Kaaru

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25 August, 2022

Senate committee weighs regulation for digital assets in the Philippines

A recent hearing by the Committee on Banks and Financial Institutions put the central bank and the securities regulator to...

Philippines demonstrates sustained animosity towards foreign digital exchanges

Business

Wahid Pessarlay

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23 August, 2022

Philippines demonstrates sustained animosity towards foreign digital exchanges

The Philippine central bank is not closing its doors to developments in digital currency exchanges but remains cautious about the...

UnionBank of the Philippines begins testing digital assets transactions on its mobile app

Business

Wahid Pessarlay

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18 August, 2022

UnionBank of the Philippines begins testing digital assets transactions on its mobile app

Through the new digital asset feature, customers can now directly purchase and sell Bitcoin from the bank's app without needing...

Philippines: Blockchain-based solution Twala receives P4.6M grant from DOST

Business

Wahid Pessarlay

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16 August, 2022

Philippines: Blockchain-based solution Twala receives P4.6M grant from DOST

Founded in October of 2020, Twala is a Manila-based tech startup that facilitates e-signature exercises via blockchain.

Philippines: Virtual Asset Service Provider license applications paused for 3 years

Business

Steve Kaaru

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15 August, 2022

Philippines: Virtual Asset Service Provider license applications paused for 3 years

Firms at Stage 2 of application before Aug 31 will be processed under the move, which is meant to strike...

Don’t invest with Binance, Philippines securities regulator says

Business

Wahid Pessarlay

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8 August, 2022

Don’t invest with Binance, Philippines securities regulator says

In response to advocacy efforts by Infrawatch PH, the country’s SEC confirmed that Binance doesn’t hold any license to operate...

Philippines: Digital assets support coming to GCash mobile wallet

Business

Wahid Pessarlay

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4 August, 2022

Philippines: Digital assets support coming to GCash mobile wallet

GCash first revealed plans to support digital assets last year when it expressed a desire to follow in the footsteps...

Philippines finance secretary urges BIR and BoC to embrace digitization

Business

Wahid Pessarlay

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3 August, 2022

Philippines finance secretary urges BIR and BoC to embrace digitization

Benjamin Diokno allayed the fears of citizens by stating that there would be no increase in taxes. Rather the agencies...

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