Cryptocurrency Analysis and News Portal
The Philippines has all the recipes for mainstream crypto and blockchain adoption according to Dr. Donald Lim, the founder of the Blockchain Council of the Philippines (BCP).In an interview with Cryptox, Lim shared his thoughts on the country’s potential for crypto adoption and explained why he believes blockchain projects can
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The Blockchain Council of the Philippines (BCP) — a nonprofit organization dedicated to improving the regulatory framework for blockchain technology — has partnered with the Department of Information and Communications Technology (DICT) to foster Web3 adoption in the Philippines. In an announcement sent to Cryptox, Donald Lim, the founding president of
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As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payment provider shared how in other parts of the world, adoption may still be in its early stages. At the BTC Prague event, Cryptox reporter Joseph Hall interviewed Ethan Rose, the
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Despite the wave of market failures in 2022, the Philippines’ financial regulator has decided not to rush a legal framework on the crypto industry, initially planned to be published in late 2022. However, work on the guidelines is ongoing, and the results could be made public this year.Cited in a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Philippines’ Securities and Exchange Commission (SEC) has warned residents against investing in Gemini’s recently launched derivatives products, as the exchange does not have the necessary license or authority to operate the business in the country. The
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The remittance service, Send Globally, will be available in the Philippines starting Tuesday, according to a press release. It runs on the Lightning Network, a “layer 2” scaling solution that enables cheaper and faster Bitcoin transactions. Funds sent via the service from abroad can be received as local currency in
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"It is the policy of the State to ensure that appropriate mechanisms are in place to protect the interest of consumers of financial products and services under the conditions of transparency, fair and sound market conduct, and fair, reasonable, and effective handling of financial consumer disputes, which are aligned with
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The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules.According to a Jan. 25 report in local media outlet, the Manila Bulletin, the securities regulator put forward for public comment draft
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Blockchain adoption in the Philippines is struggling because businesses are focused on survival, according to Dr. Donald Lim, lead convenor at Philippine Blockchain Week (PBW) in Manila.See related article: Chinese mafia forcing Filipinos to work for crypto scams, says Philippine SenatorFast facts“3% of all businesses [in the Philippines] are large
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press release PRESS RELEASE. Project Xeno is pleased to announce that Fumiya, a social media creator with over 6 million followers on SNS, has been appointed as the Southeast Asia ambassador for “PROJECT XENO.” Fumiya is a social media creator based in the Philippines, working extensively as an actor, singer, TV
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