Philippine

Highlights: The Philippine SEC has warned investors against using seven unregistered crypto platforms in the country. Regulators have imposed strict penalties on promoters who support unlicensed crypto platforms. Philippine regulators also recently blocked major crypto platforms for failing to register. […]

Highlights: PHPX stablecoin aims to improve cross-border remittances and financial inclusion in the Philippines. Hedera DLT ensures compliance with international crypto-asset regulations for PHPX. PHPX reserves will be held in segregated trust accounts to ensure security. Philippine banks are gearing […]

Highlights: The SEC’s new rules require crypto service providers to register and obtain a CASP license. Crypto providers must register and disclose risks and technology for public offerings. The SEC is gathering feedback to create a balanced framework by January […]

Highlights: The Philippine central bank has rolled out disclosure requirements for Virtual Asset Service Providers. Firms will reveal liquidity covers, financial positions, addresses, total value, etc in a bid to protect investors. This will help prevent fraud and collapses in […]

Tether, the world’s largest stablecoin issuer, has launched a new payment option in partnership with Uquid. This initiative allows Filipino citizens to pay their Social Security System (SSS) contributions using USDT, a stablecoin pegged to the US dollar. The SSS, […]