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Philippines Central Bank Considering Issuing its own CBDC

Philippines Central Bank Considering Issuing its own CBDC

The Central Bank of the Philippines has inaugurated a committee to understudy CBDCs based on technical feasibility and policy implications

Philippines Central Bank To Research Further Before Launching its CBDC

Philippines Central Bank To Research Further Before Launching its CBDC

Philippines Central Bank governor Benjamin Diokno has recommended further research with respect to the proposed Digital Peso, central bank digital currency.

StanChart and UnionBank of the Philippines Collaborate on PoC of $187 Million Blockchain-Powered Bond

StanChart and UnionBank of the Philippines Collaborate on PoC of $187 Million Blockchain-Powered Bond

The UnionBank of the Philippines and Standard Chartered have created a proof of concept required in the issuance of a blockchain-powered retail bond.

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Finance ministry of the Philippines Government has alerted the public about false information that fraudulently uses the name of Secretary Carlos Dominguez III to promote a fake crypto trading platform recognized as “Bitcoin Revolution”.

Philippines Becomes the First to Leverage Blockchain to Issue Retail Treasury Bonds in Asia

Philippines Becomes the First to Leverage Blockchain to Issue Retail Treasury Bonds in Asia

The Filipino government has launched a blockchain-based app that will be utilized in the distribution of government-issued bonds. The novel project dubbed Bonds.PH was developed by the country’s Bureau of Treasury in conjunction with Union Bank and the Philippines Digital Asset Exchange.

World Wide Fund for Nature in the Philippines to Create Blockchain-Powered Fish Traceability App

World Wide Fund for Nature in the Philippines to Create Blockchain-Powered Fish Traceability App

The World Wide Fund for Nature (WWF) Philippines has teamed up with UnionBank, a digital wallet, to create a blockchain-powered app dubbed Tracey to offer financial support to local fishers, as well as propel traceability and transparency in the fish supply chain.

Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms

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.

Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain

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.

Philippines Spearheads ASEAN AI Regulatory Framework

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.

The Philippines SEC seeks to bring cryptocurrencies under its scope

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.

SBI Remit Expands Ripple XRP Based Remittance Services

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.

Union Bank of Philippines Cooperates with Hex Trust for Promoting Pilot Digital Assets Custody Service

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.

Esports, Web3 Firm Ampverse Expands into the Philippines

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.

Union Bank of the Philippines to Enhance Crypto Trading & Custody Services

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.

BCB Blockchain Collaborates with Philippine Government to Support Local Startups

BCB Blockchain Collaborates with Philippine Government to Support Local Startups

BCB Blockchain, a Singapore-based technology firm agreed to join hands with the government of the Philippines to support the development of local startups through creating smart city projects and applications making use of their funds and blockchain protocol.

Russian Intelligence are Hiding Embezzler and Former Wirecard COO in Belarus

Russian Intelligence are Hiding Embezzler and Former Wirecard COO in Belarus

Jan Marsalek promptly disappeared shortly after undertaking an investigation for the Wirecard missing funds - which he claimed would clear him of any wrongdoing. However, new evidence suggests that he never made it to the Philippines at all, but has been in hiding with the help of the FSB, a Russian intelligence agency.

The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President

The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President

As the world tries to come to terms with the coronavirus outbreak, recently Edwin Bautista chief executive and president of UnionBank of the Philippines revealed how digital services could support consumers as they increasingly self-isolate themselves or have to work remotely for an extended timeframe. The fintech leader projected the end of cash as the coronavirus crisis provokes banks to fast track the shift towards digital. But will the end of physical cash become a reality? The trend towards cashless remains inevitable as the current events seem to accelerate this process.

1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report

1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report

According to a report shared by Hootsuite citing GlobalWebIndex, 11% of all Indonesians own some kind of cryptocurrency. The total population of Indonesia is just over 270 Million people which makes it the fourth most populous country on the planet.

Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

Bitspark, a blockchain remittance startup based in Hong Kong recently announced its abrupt closure, stating internal restructuring issues.

Ethereum-Based Wallet MetaMask Adds Token Swaps to Its Features

Ethereum-Based Wallet MetaMask Adds Token Swaps to Its Features

MetaMask recently announced a new add-on to its browser which can facilitate decentralized finance (DeFi) transactions for Ethereum-based tokens.

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