Report: Philippine Police Raid Alleged Cryptocurrency Scam, Arrest 277

Philippine authorities have reportedly raided an alleged cryptocurrency scam and arrested 277 people following a tip from the Chinese government. Philippine police have reportedly raided the offices of an alleged cryptocurrency scam that was targeting investors in China. According to a Sept. 15 report by local news outlet Inquirer.net, agents from the Bureau of Immigration, […]

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Philippine Boxing Champion Manny Pacquiao Releases Own Cryptocurrency

Philippine boxing champion Manny Pacquiao has launched his own cryptocurrency, which will reportedly be listed on Singapore’s Global Crypto Offering Exchange. Philippine boxing champion and celebrity Manny Pacquiao has launched his own cryptocurrency. On Sept. 1, the South China Morning Post reported that the Filipino boxer turned politician and singer launched his own token with […]

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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. 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 —  […]

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Philippines-Based UnionBank Completes Blockchain Remittances Pilot

The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore. The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore, according to a press release published on July 23. The pilot is the result of a partnership between UnionBank […]

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Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’

Oxfam issued tap-and-pay cards loaded with $50 worth of DAI to 200 Vanuatu citizens to use via Sempo’s payment platform, following six weeks of direct consultation with villagers. Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of […]

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Philippine Government Tech Department Signs Deal With Blockchain Firm

The government of the Philippines is partnering with a blockchain firm to improve the country’s business and cybersecurity sectors. The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June […]

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

The governor of the Philippines’ central bank has warned against crypto-enabled terrorism 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 […]

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