BSP – DIGIT INFO

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

DIGIT — Sat, 20 Jul 2024 01:30:12 +0000

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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Philippine Central Bank Governor Explains Crypto Policy — ‘I Don’t Want It Banned’

DIGIT — Tue, 26 Jul 2022 02:00:18 +0000

The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “I don’t want it banned,” he said, advising investors not to invest money they cannot afford to lose in crypto. Philippine Central Bank Governor on Crypto Regulation Felipe Medalla, the governor of the Bangko Sentral ng Pilipinas (BSP), the […]

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NYDIG to Provide the New York Yankees With Bitcoin Payroll Services

DIGIT — Thu, 14 Jul 2022 20:00:08 +0000

On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will be the professional baseball team’s “official bitcoin payroll platform.” NYDIG Inks a Multi-Year Partnership Deal With […]

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Exchange demands users return Bitcoin bought for $6K during tech glitch

DIGIT — Wed, 24 Feb 2021 05:32:48 +0000

An apparent “glitch” on PDAX temporarily dropped BTC prices by 88% and saw trading suspended. The exchange held a press conference yesterday to explain what happened.

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Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity

DIGIT — Wed, 27 Jan 2021 02:30:25 +0000

The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by the Financial Action Task Force (FATF), according to the central bank. Philippine Central Bank Introduces New Rules […]

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Philippines Now Has 16 Cryptocurrency Exchanges Approved by Central Bank

DIGIT — Thu, 23 Jul 2020 11:47:45 +0000

The number of regulated cryptocurrency exchanges in the Philippines has grown to 16, according to Bangko Sentral ng Pilipinas, the country’s central bank. One of the regulated exchanges has been helping the government and Unionbank to launch an app for bond purchases. 16 Registered Crypto Exchanges in the Philippines The central bank of the Philippines, […]

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IMF Helping Philippines Become Important Crypto Market

DIGIT — Sat, 04 Jan 2020 11:16:44 +0000

The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation, including quarterly data collection from approved crypto exchanges. Also read: Regs Roundup – China […]

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Philippines Increasingly Crypto Friendly – A Look at Driving Forces

DIGIT — Sun, 18 Aug 2019 00:30:01 +0000

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 […]

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48 Cryptocurrency Exchanges Now Approved in the Philippines

DIGIT — Tue, 25 Jun 2019 01:19:46 +0000

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 […]

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Philippines Now Has 10 Approved Cryptocurrency Exchanges

DIGIT — Wed, 10 Apr 2019 05:15:20 +0000

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 […]

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