A bill proposed in the Philippine Congress would create a government-run bitcoin (BTC )reserve that cannot be touched for two decades except to pay down the nation’s rising debt load,…
In brief
The measure directs the country's central bank to purchase 10,000 BTC over five years, with a 20-year holding requirement.
Custody, proof-of-reserves, and disposal rules would be codified by law and…
The Philippines is the latest country to explore the creation of a strategic Bitcoin reserve. The bill was introduced by Congressman Migz Villafuerte. According to reports, the bill will allow…
The Philippines Securities and Exchange Commission (SEC) issued an advisory naming 10 major crypto exchanges, including OKX, Bybit, KuCoin, Kraken and others, for operating without the required authorization under the…
The government of the Philippines announced that it will notarize its documents on the Polygon blockchain — on the same day that the network suffered a temporary outage.Maria Francesca Montes…
According to a local outlet, Adobo Magazine, Grab users in the Philippines can now use Bitcoin (BTC) as a form of payment. Grab has a market value of over $22…
Payop, an international payment service provider, has partnered with Dragonpay, a Philippine-based payment platform, to enhance the online operations experience for businesses and consumers in Southeast Asia.This collaboration perfectly illustrates…
Finding a trustworthy broker is one of the most important steps for anyone trading online. Whether you’re a seasoned investor or just starting out, choosing the right platform can directly…
In brief
CASPs must register as local entities with a minimum ₱100M ($1.8M) paid-up capital and maintain physical offices.
New rules require asset disclosures, segregated funds, local data storage, and ongoing reporting…
The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites.Funnull Technology is linked to most crypto…