Philippines SEC to Release Crypto Rules in Late 2024
In the second half of 2024, the Philippine Securities and Exchange Commission (SEC) hopes to establish a regulatory framework for cryptocurrencies. Emilio B. Aquino, the chair of the SEC, reportedly stated in a local article that the guidelines will work to control cryptocurrency trading in the country while maintaining investor protection. Aquino disclosed the information […]
Philippine NTC Blocks Unlicensed Crypto Exchange Websites
The Philippine National Telecommunications Commission (NTC) has blocked access to the websites of cryptocurrency companies offering investment products in the country without the proper licenses. One of the leading internet service providers in the country has rendered the websites of cryptocurrency firms MiTrade and OctaFX inaccessible, according to a report by the local media outlet […]
Philippines to Launch Non-Blockchain CBDC in Two Years
According to Eli Remolona, the governor of Bangko Sentral ng Pilipinas (BSP), the Philippines is moving closer to introducing a non-blockchain central bank digital currency (CBDC) in the next two years. The proposal, revealed on February 12, is in line with worldwide trends in which regulators are investigating digital tokens as a stable value holder […]
SEC Gives Binance 3-Month Deadline to Exit Philippines
The Philippine SEC has set a three-month timeline for Binance and other unregistered crypto exchanges to cease operations in the country, citing consumer protection and accountability concerns. The Philippine Securities and Exchange Commission (SEC) has announced that Binance and other unregulated crypto exchanges have three months to stop offering their services in the country or […]
Philippines to Issue Tokenized Treasury Bonds for the First Time
The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20. The Philippines Bureau of the Treasury (BTr) has decided to issue tokenized treasury bonds for the first time, instead of the traditional […]