A Philippine lawmaker has introduced a measure that would require the central bank to build a strategic Bitcoin reserve, marking one of …
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Tag:
Philippines
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Markets
Philippines SEC Cracks Down on Unregistered Crypto Exchanges as New Rules Kick In
by shayaanby shayaanThe Philippines Securities and Exchange Commission (SEC) said it may take action against crypto exchanges including OKX, ByBit and Bitget for operating …
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Adoption
Philippines turns to Polygon to secure government records on blockchain
by shayaanby shayaanThe Philippine government has officially launched a blockchain-based system to verify government documents on the Polygon network as part of a broader …
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DeFi
DeFi Lender Deploys $1M for Student Loans to the Philippines, Indonesia—But at What Cost?
by shayaanby shayaanDecentralized lending startup Pencil Finance said Wednesday it has deployed $1 million in on-chain student loans, with funds directed to borrowers in …
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The Philippines’ Securities and Exchange Commission (SEC) has formally issued its rules governing crypto asset service providers (CASPs), requiring entities offering such …
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Scams
Philippines Enacts Sweeping Crypto Rules, Mandates Licensing and Capital Requirements
by shayaanby shayaanIn brief CASPs must register as local entities with a minimum ₱100M ($1.8M) paid-up capital and maintain physical offices. New rules require …
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The Philippine Securities and Exchange Commission (SEC) has taken a major step toward regulating the country’s fast-growing digital asset industry by issuing …
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Scams
Startup CEO Charged After “AI” Turns Out to Be Humans in the Philippines
by shayaanby shayaanA tech founder who raised over $40 million pitching a cutting-edge AI shopping app has been charged in the U.S. with fraud …