Category: Philippines
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Central Bank of the Philippines to Complete Wholesale CBDC Pilot This Year, Hints at Securities Focused Use Case
Philippines to Develop Blockchainless Wholesale CBDC in Two Years
Philippines SEC begins Binance ban countdown
The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they’re banned from the country.
Binance operates without license in Philippines, regulator says
According to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment and $90,000 penalties.
Philippines to sell $179M in tokenized treasury bonds for the first time
Real-world asset tokenization as a concept has existed for some time. However, in 2023, with the growing interest of institutions, various governments have started experimenting with the concept.
USDC issuer partners with Philippines exchange to promote stablecoin
18 million users of Coins.ph are expected to receive a faster, lower-cost and more accessible remittance option as a result of the new partnership with Circle.
Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police
Playing crypto games can be riskier than investing in cryptocurrencies, according to the Filipino ACG, considering the ease with which gamers can lose their digital tokens and NFTs.
Digital Dollar Project completes CBDC retail remittance pilot with Western Union
The project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost and transparency.
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The Philippines delays publishing crypto framework
Despite a tumultuous year, the Philippines’ financial regulator decided not to rush a legal framework on the crypto industry, which was initially planned for late 2022.
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