A key highlight for 2020 is the vigilance of the Securities and Exchange Commission (SEC) in issuing advisories and cease and desist order, and in taking other enforcement actions against cryptocurrency-related investment scams, Forsage being the largest and most high-profile among them.
Axie Infinity has launched a public testnet of its Ethereum sidechain called Ronin, with major companies like Binance and Ubisoft as initial validators.
Miguel Cuneta: Excited to see the local developments on other fast-growing fronts such as NFT crypto art and gaming. Most of all, looking forward to Bitcoin solidifying its position as the digital gold of our networked age and becoming the internet’s primary native monetary network for generations to come.
Luis Buenaventura: We’ve always been a focus area for small- to mid-sized crypto projects, but 2020 was the first time that the major players started to make substantial resource investments here. The PH crypto market is still growing, but the community is passionate and ready to join the international arena in a big way.
Rafael proposes that bitcoin, a new asset class, should be considered as a strategic reserve asset that can function as systemic hedge that will help maintain financial stability amid the economic havoc that is COVID-19 Pandemic, and to insulate the domestic financial system from the vulnerabilities of the current U.S. dollar-centric international monetary system.
Going back to last year’s 2019 Year in Review, we look at some of the predictions made by cryptocurrency and blockchain professionals here and check if those predictions came true, or not, almost.
Bitcoin transactions has decreased in October 2020 as per data on key P2P marketplaces in the Philippines.
While the use of stablecoins could implicate several aspects of the law, three areas attained some level of prominence within legal and policy circles: securities regulation, anti-money laundering (AML), and financial service licensing.
Check out the steps in buying USDT through Binance P2P as well as the risks and tips to make sure you trade safely.
Over the last few years, the financial and crypto sectors have been on a path best described as an arranged marriage. Some in the crypto industry will lament the loss of independence, but the consolidation within the ecosystem will drive interoperability and standards.
