Tag Archives: Philippines

Philippines Increasingly Crypto Friendly – A Look at Driving Forces

There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects. Also read: Central Banks Worldwide Testing ...

Read More »

Philippines’ UnionBank Launches Payments-Focused Stablecoin

The new, bank-backed cryptocurrency — dubbed PHX — is being implemented on UnionBank’s i2i platform Cointelegraph.com News

Read More »

Continuing to revitalize his career, 40-year-old Manny Pacquiao of the Philippines defeated Keith Thurman of the U.S. in…

Continuing to revitalize his career, 40-year-old Manny Pacquiao of the Philippines defeated Keith Thurman of the U.S. in a split-decision Saturday night in Las Vegas. It was the third straight win for Pacquiao and 62nd victory of his career — and it included a first-round knockdown of Thurman. Thurman, a 30-year-old Florida native, had come into the match undefeated. #Boxing ...

Read More »

48 Cryptocurrency Exchanges Now Approved in the Philippines

The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority. Also read: FATF Releases Global Standards for Crypto Assets 11 Crypto Exchanges Registered by Central Bank The Bangko ...

Read More »

BitMex Ventures Invests in PDAX, Increasing Activity in the Philippines

According to sources, BitMEX Ventures has invested in a crypto exchange licensed by the central bank of the Philippines. The investment aims to help the Philippine Digital Asset Exchange (PDAX) to develop its cryptocurrency marketplace. The aim is to include other digital assets such as tokenized commodities, real estate equities, and debt securities. BitMex Invests in PDAX Hong Kong-based BitMex is a cryptocurrency exchange ...

Read More »

Philippines Now Has 10 Approved Cryptocurrency Exchanges

The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far. Meanwhile, one of the country’s largest banks now has a bitcoin ATM at one of its main branches. In addition, the Cagayan Economic Zone Authority has independently licensed 24 crypto exchanges. Also read: Indian Supreme ...

Read More »

UnionBank Launches Two-Way Bitcoin ATM in the Philippines

n nn nn The UnionBank of the Philippines, one of the leading financial institutions in the country, has launched a two-way bitcoin automated teller machine ATM, according to a story in local media outlet Philstar.This is the country&x27s second crypto ATM that provides users with the ability to sell and purchase digital assets like bitcoin for pesos, the countrys official ...

Read More »

Philippines Union Bank Launches Crypto ATMs: Will It Fuel Adoption?

One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country. Union Bank Crypto ATMs Customers will be able to buy and sell cryptocurrencies for cash through the ATM. The idea is to provide an easy and accessible means for crypto to fiat conversion and vice versa. The move may help ...

Read More »