CRYPTOCURRENCY
Philippines Spearheads ASEAN AI Regulatory Framework
Philippines' Congress Speaker Martin Romualdez plans to introduce an AI regulatory framework to ASEAN during its chairmanship in 2026, focusing on digitization, cybersecurity, and managing generative AI in economic policies.
SBI Remit Expands Ripple XRP Based Remittance Services
SBI Remit expands XRP-based remittance services to Philippines, Vietnam, and Indonesia, integrating Ripple Payments and TRANGLO for real-time, low-cost international payments, accelerating adoption in Southeast Asian markets.
Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain
Oregon's federal grand jury indicted Forsage's founders. "Global Ponzi and pyramid scam" investors lost $340 million on the site.
The Philippines SEC seeks to bring cryptocurrencies under its scope
The Philippines Securities and Exchange Commission (SEC) has suggested new cryptocurrency regulations to improve its control.
Esports, Web3 Firm Ampverse Expands into the Philippines
With the expansion, Ampverse plans to invest more than 100 million pesos in the Philippines' local gaming and esports ecosystem.
Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms
The central bank said it will stop processing licenses for new virtual asset services providers (VASP) for three years.
Philippine Firm Paytaca Raises PHP7.5 Million to Expand Bitcoin Cash Adoption
Paytaca said that it raised PHP7.5 million pesos in a private crowdfunding round that gives the company a new valuation.
Philippine Crypto Exchange Raised $50M from Series B Round, Led by Tiger Global
Philippine Cryptocurrency Exchange (PDAX) has raised $50 million from a Series B round, led by Tiger Global management.
Union Bank of the Philippines to Enhance Crypto Trading & Custody Services
Union Bank of the Philippines plans to choose Metaco and IBM to enhance cryptocurrency trading and custody services, taking advantage of the Asian country's rapid adoption of digital tokens.
Union Bank of Philippines Cooperates with Hex Trust for Promoting Pilot Digital Assets Custody Service
Union Bank of Philippines (UnionBank) announced the bank has paired with Hong Kong-based Hex Trust to pilot digital assets custody service.