Philippines News and Articles

Universities in the Philippines will offer free courses in blockchain and crypto, including trading, metaverse, decentralized finance, web3, and others partnering with Binance. Recently, the crypto exchange was present at the Philippine Senate hearing where industry leaders and regulators discussed...

The Bangko Sentral ng Pilipinas announced it will stop the process of granting licenses to virtual asset service providers for 3 years. According to a memorandum by the Bangko Sentral, the Monetary Board took a modified approach to establish a balance between encouraging financial innovation and...

The Philippines is on the list of countries in the Asia-Pacific region leading in terms of the adoption of cryptocurrencies. However, the authorities react negatively to this trend. The Philippine Securities and Exchange Commission has issued an appeal to citizens not to use the services of the...

Philippine Department of Science and Technology spokesman Enrico Paringit said the department is launching a training program for in-house researchers to explore all possible options for using distributed ledger technology. Paringit focused the public's attention on the fact that the government's...

Philippines-based digital payments company PayMaya launched a crypto feature, that enables buying, selling, and earning digital assets via the app. The app is expanding its services to make crypto more accessible to the public. It is licensed by the Central Bank of Philippines (Bangko Sentral...

The head of the Central Bank of the Philippines, Benjamin Diocno, at one of the recent events organized by the department, said that the relevant specialists of the Central Bank launched a pilot project to create a CBDC. “The financial system around the world continues to actively transform and...

The Philippine Central Bank has set up a working group to study the need and possible implications of issuing own digital currency (CBDC). Bloomberg reports about it with reference to the statement of Benjamin Diokno the head of the CB. A further decision on the release of CBDC will be made after...