Tether, the world’s largest stablecoin issuer, has launched a new payment option for Filipino citizens. Through a partnership with Web3 firm Uquid, Tether now enables citizens in the Philippines to settle their Social Security System (SSS) contributions using USDT, a stablecoin pegged to the US dollar, on The Open Network
The much-awaited launch of Genesis Universe World Battle is finally here. And it promises to be a game-changer in the world of gaming and NFTs. We are excited to invite you to the premiere event, where we will unveil the revolutionary platform that combines gaming and blockchain technology. The event
In a new set of proposed regulations, the Philippines Securities and Exchange Commission (SEC) aims to expand its purview to include virtual currencies and to increase its control over the country’s crypto space. Local media source Manila Bulletin reported on January 25 that the securities regulator has proposed drafting regulations.
According to reports, the Travel Control and Enforcement Unit (TCEU) of the Philippine Bureau of Immigration (BI) reported on Friday that it has rescued six suspected victims of a cryptocurrency trafficking ring. The passengers were about to board a Jetstar flight to Phnom Penh on January 15 when they approached
On Friday, the Securities and Exchange Commission (SEC) of the Philippines issued a notice against the use of unlicensed cryptocurrency exchanges. SEC strongly cautioned and recommended the public not interact with unregistered and unregulated cryptocurrency exchanges, That are accessible and presumed to be functioning in the Philippines, according to a
The bank issued its own stablecoin in 2019. The Union Bank of the Philippines has started a trial operation. One of the Philippines’ biggest banks has introduced crypto investing services. The Union Bank of the Philippines now allows its clients to trade cryptocurrencies, starting with Bitcoin and Ethereum. In addition
Clients may use the service by downloading the bank’s mobile app. The goal of the trial run is to find any technical issues that may arise. Because of the recent surge in popularity of cryptocurrency, even more, conventional financial institutions like banks are beginning to provide cryptocurrency services in an
Many different agencies were involved which Senator Mark Villar presided over. As an added bonus, the parties spoke about real solutions for safeguarding customers. Financial authorities in the Philippines are making concerted attempts to effectively regulate the local cryptocurrency business. The authorities are taking a close look at the crypto
The central bank of the Philippines is the regulator of the crypto sector in the country. The central bank issued a warning that citizens are not insured against financial losses. Recently, Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, issued a public warning against unregistered and international crypto service
Infrawatch PH filed a 12-page complaint with the Philippines’ SEC. Binance does not have an office in Manila. For the second time, Infrawatch PH has requested that more government officials examine Binance for possible legal infractions in the Philippines. Infrawatch PH filed a 12-page complaint with the Philippines’ Securities and
