BitPinas Crypto News Roundup (April 30, 2020)
Some of the most important news in the crypto industry today, April 30, 2020.
Some of the most important news in the crypto industry today, April 30, 2020.
BSP noted that the volume of check payments and ATM withdrawals have also decreased, reflecting the effect of ECQ on people’s movement.
As the bitcoin halving draws near, a new report suggests that the number of users with at least 0.1 BTC (Php 44,000 when this is written) is increasing.
The Department of Finance (DOF) warns the public of fake news circulating on the Internet claiming that the government created a platform where citizens can invest in cryptocurrency.
The logical thing to do here is to wash (or put disinfectant on) one’s hand before and after touching paper bills. However, there are reports of people washing or disinfecting the bills instead.
Local cryptocurrency exchange PDAX said it is suspending cash-out fees for withdrawal requests made via InstaPay and PESONet starting from April 28, 2020 –
Cash remittances will decline particularly those coming from sea-based OFWs. Many of them have been repatriated already.
Amid the current public health situation due to COVID-19, digital channels are more important than ever for the customer’s financial needs.
Banks are encouraged by the Bangko Sentral ng Pilipinas (BSP) to suspend fees on fund transfer services and interbank ATM Transactions.
The enhanced community quarantine (ECQ) has triggered the increase in the number of people using digital banking in the Philippines.