Philippines

Philippines Plans to Introduce Wholesale CBDC by 2029

July 27, 2024 Bitcoin.com

bitcoin.com

Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer […]

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Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

July 20, 2024 Bitcoin.com

bitcoin.com

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other […]

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Philippines Charges 2 Russians in $6.2 Million XRP Theft

July 15, 2024 Bitcoin.com

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The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine DOJ Charges […]

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Citizens of the Philippines Can Pay Social Security Using Tether’s USDT Following New Partnership

July 1, 2024 The Daily Hodl

Daily Hodl

USDT-issuer Tether is now allowing Filipino citizens to pay their social security system contributions with crypto. According to Tether, citizens of the Philippines can now make social security payments with USDT on the TON (TON) blockchain using a UQUID card. UQUID bills itself as a “Web 3 e-commerce platform.” According to the card provider, making […]

The post Citizens of the Philippines Can Pay Social Security Using Tether’s USDT Following New Partnership appeared first on The Daily Hodl.

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Tether and Uquid Partner for Social Security Payments in the Philippines

July 1, 2024 Bitcoin.com

bitcoin.com

The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON). Additionally, Uquid has released a detailed guide for citizens on how to use USDT-TON to pay […]

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Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments

June 20, 2024 Bitcoin.com

bitcoin.com

The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of 35% in 15 days and rewards like smartphones and vehicles. Skyline […]

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Bitcoin hits record in Japan, Argentina and Philippines’ local currency

May 21, 2024 Coin Telegraph

All time high

For the first time in history, the price of one Bitcoin exceeded 11 million yen in Japan, while prices also peaked in terms of the Argentinean and the Philippines peso.

Bitcoin (BTC) notched all-time highs in several countries across Asia and South America following a 7% surge on the day — pushing the cryptocurrency ever closer to its United States dollar peak.

Bitcoin prices hit an intraday and six-week high of $71,650 on May 21 following a gain of more than 7% over the past 24 hours.

The asset has returned to within 3.4% of its March 14 all-time high in USD terms of $73,738, according to CoinGecko.

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Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances

May 13, 2024 Bitcoin.com

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The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract 20,000 to 30,000 users in the first month. The PHPC will be the first peso-backed stablecoin available for retail use, […]

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Philippines Blocks Binance, Citing Threat to Security of Investor Funds

March 26, 2024 Bitcoin.com

Binance

The Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public’s continued access to Binance’s websites and apps “poses a threat to the security of the funds of investing Filipinos.” The Philippine SEC Warns Against ‘Investing in and Using Binance’ The Philippine Securities and Exchange […]

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Binance faces blockade from Philippine SEC

March 25, 2024 The Crypto Briefing

The Philippines' securities regulator has been preparing to ban and block Binance since December 2023, citing the exchange's non-compliance.

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