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Philippine Lawmakers, Central Bank, SEC Discuss Crypto Regulation in Senate Hearing – Regulation Bitcoin News

The central bank and the Securities and Exchange Commission (SEC) of the Philippines discussed crypto regulation in a Senate hearing with the participation of several executives from the crypto industry, including from crypto exchange Binance. Philippine Regulators Discuss Crypto Policies Philippine regulators recently discussed cryptocurrency regulation with some executives from the

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Binance gives security assurances in Philippine senate banking committee hearing

Binance representatives participated in a hearing of the Philippine Senate Banking Committee, according to a report in the local press Wednesday. Bangko Sentral ng Pilipinas deputy governor Chuchi Fonacier, the country’s Security Exchange Commission (SEC) chair Emilio Aquino, and members of FinTech Alliance Philippines and the Cagayan Economic Zone Authority

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Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers – Regulation Bitcoin News

The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present additional challenges on enforcing legal recourse and consumer protection and redress mechanisms for local customers, among others,” the regulator said. The Philippine

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

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

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Binance ban off the cards, says Philippine trade and industry department

A proposal to ban global cryptocurrency exchange Binance from operating in the Philippines will not gather steam due to a lack of regulations towards cryptocurrencies in the country.The Philippines’ Department of Trade and Industry (DTI) has cited no clear guidelines set out by the country’s central bank, Banko Sentral ng

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Policy think tank asks Philippine government to ban Binance over promotions

Local think tank Infrawatch PH has sent a letter to the Philippines' Department of Trade and Industry (DTI), urging the government agency to launch an investigation against crypto exchange Binance for promotions without permits. The letter alleged that the crypto exchange has been targeting Filipino consumers with unregistered promotions that are

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Philippine regulator tells Axie Infinity players they must pay tax on income from game

Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games.An August 23 report from Inquirer cites Philippine Finance Undersecretary Antonette Tionko as clarifying that any

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Philippine power firm looks to regulators to drive blockchain electricity trade

The head of a Philippine electricity generator and distributor says that blockchain-enabled trading of electricity can thrive in the country, so long as the right regulatory environment exists.   Emmanuel Rubio, president and CEO of Aboitiz Power, told the Manila Bulletin blockchain offered an opportunity in the electricity market, particularly

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Philippine bank, fintech XLOG to offer blockchain-based logistics financing

Union Bank’s financial supply chain platform to be integrated with XLOG’s logistics platform. Union Bank of the Philippines and fintech firm XLOG have teamed up to offer the Philippines’ first blockchain-powered supply chain financing solution embedded in a logistics platform. “We are firm believers in how blockchain technology can bridge gaps in

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