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The authority of the Filipino government-owned economic zone is drafting regulations for cryptocurrencies and planning to limit the number of licenses it issues to 25. Other rules include the requirement for each crypto exchange to invest at least US$1 million within 2 years. The authority has reportedly received about 60 applications from crypto companies so … Read more
The Philippines is an important country when it comes to cryptocurrencies. For the past few years, Bitcoin has made a positive impact on the local money transfer industry. This trend is only becoming more apparent, with the monthly volume holding steady near the $40 million mark. Bitcoin in the Philippines Anyone who has kept a … Read more
Millions of families are unbanked in the Philippines, but a new blockchain-based platform is planning to give them access to financial services, including cashless payments and lending #SPONSORED Go to Source Powered by WPeMatico
The Filipino central bank has revealed that the trade between fiat and cryptocurrencies on authorized bitcoin exchanges in the Philippines has maintained its high level for the country from the boom time of late 2017 during the first quarter of this year. Also Read: US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown … Read more
Alibaba’s Jack Ma plans to take blockchain remittances to whole world after successful Philippines trial Go to Source Powered by WPeMatico
Averaging more than a million onboardings per year, Philippines’ Coins.ph announced it reached a whopping five million users this week for its mobile payments application (app) and hot crypto wallet. Not content with merely adding numbers for their own sake, the company also revealed it would add two new popular coins: bitcoin cash (BCH) and … Read more
In recent news relating to cryptocurrency exchanges, Coinbundle has received approval for licensing in The Philippines, the Monetary Authority of Singapore has issued a consultation paper regarding its intention to update its regulatory apparatus for cryptocurrency exchanges, and Okex has announced that it has remedied the error that caused it abruptly to suspend withdrawals and … Read more
The number of new cryptocurrency exchanges is rapidly growing worldwide. This new crypto exchange roundup features four platforms located in South Korea, Thailand, Vietnam and the Philippines. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space South Korea’s Coinbit South Korean game developer Axia Soft Co. Ltd. has recently launched a crypto exchange called Coinbit. … Read more
After hemming and hawing in its strange relationship with cryptocurrencies and the businesses they imply, the Philippine government decided to make room for a set aside economic zone. The scheme is offered in hopes of generating more tax income, employment for its people, and perhaps a dedicated crypto university. Also read: Telegram Urges Paper Airplane … Read more
Philippines’ Cagayan Economic Zone will be open to 10 crypto-related firms to generate employment in exchange for tax breaks. #NEWS Go to Source Powered by WPeMatico