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International Monetary Fund Says the Philippines to Become Key Crypto Market

The crypto community wrapped up the year 2019 with a bit of good cryptocurrency news from the International Monetary Fund (IMF). As usual, the agency released its country report for the just concluded year, 2019, dubbed “Technical Assistance Report – Monetary and Financial Statistics Mission.” Only this time, the paper

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Philippines and BCB Blockchain to Work Together on Smart Cities

Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement (MoA) with a branch of the Philippines’ Department of Science and Technology (DOST) to support the development of local smart cities.Per a Nov. 23 press release, BCB Blockchain contributed $300,000 to support incubators and startup accelerators in the

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Abra Takes Bitcoin Adoption to 6,000 Retail Outlets in the Philippines

Bitcoin wallet provider and investment platform Abra says people can now buy cryptocurrencies at any 7-Eleven outlet in the Philippines. The news is the latest development in efforts to make cryptocurrencies more easily accessible to users in markets across the world. Buy Bitcoin at Any 7-Eleven in the Philippines Abra announced

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Philippines’ UnionBank Launches Payments-Focused Stablecoin

In a bid to drive greater financial inclusion, Philippines-based UnionBank has launched a payments-focused stablecoin pegged to the Philippine peso.A report from PhilStar Global on July 26 revealed that the new, bank-backed cryptocurrency —  dubbed PHX — is being implemented on UnionBank’s i2i platform. Rural banks and Philippines’ main financial

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Philippines’ UnionBank Rolls Out Own Cryptocurrency: The PHX Stablecoin

After last year’s pilot project in collaboration with the Ethereum-based startup ConsenSys, Philippine’s UnionBank now has its own cryptocurrency, reports local news outlet The Philippine Star.Arvie de Vera, Senior Vice President of UnionBank confirmed that not just the cryptocurrency, in the form of a stablecoin called PHX, has been launched,

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Philippines’ Central Bank Will Continue to Closely Monitor Crypto, Citing Terror Financing

The governor of the Philippines’ central bank, Benjamin Diokno, has warned against the potential use of cryptocurrencies for terrorism financing and underscored that the Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country. The news was reported by local English language newspaper The

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