Bitconnect Shuts Down, Accused of Running a Ponzi Scheme
The company behind the controversial Bitconnect has shut down, leaving users with worthless BCCs (Bitconnect Coins).
The company behind the controversial Bitconnect has shut down, leaving users with worthless BCCs (Bitconnect Coins).
It aims to introduce a new virtual currency exchange so that Filipinos can take advantage of cryptocurrencies and blockchain technology in facilitating remittance of money.
Moneygram partners with Ripple to facilitate faster cross-border money transfer.
NEM warns the public of new fake NEM wallets spreading on the internet currently and recommends only downloading wallets on the official site.
Ripple, the company behind XRP is currently in the process of building a platform that will facilitate faster cross-border payments in Asia.
The country’s 2 official virtual exchange firms reiterate support for cryptocurrencies other than bitcoin in 2018.
For FMIC President Rabboni Francis Arjonillo, the BSP must address cryptocurrency extensively so that banks will be comfortable in dealing with it.
The Philippine Securities and Exchange Commission is investigating an ICO launched by the people behind the embattled agri-firm Calata Corp.
As investment schemes, ICOs are classified as an activity where you sell securities, and as such must be in compliance with the Securities Regulation Code.
In a post, NEM Philippines head revealed plans to establish an XEM – PHP exchange in the country soon.