AMLC: Court Freezes 25 Crypto Wallets, 86 Bank Accounts in Flood Control Plunder Probe
The Court of Appeals freezes 25 crypto wallets and 86 bank accounts linked to a lawmaker in a Philippine flood control plunder probe.
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SEC Issues Cease and Desist Order Against AI Quest Trading over Unregistered Investment Scheme
The Philippine SEC orders AI Quest Trading to shut down its unauthorized investment scheme offering up to 150% monthly returns.
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U.S. Senate Rejects Crypto Clarity Act: What the Failed 49-50 Vote Means for Digital Assets
The U.S. Senate rejected the Clarity Act in a 49-50 vote, pushing digital asset regulation back to federal agencies and triggering a sharp market sell-off.
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BSP Draft Rules Seek to Block QR Ph Workaround Used by Offshore Platforms
Proposed BSP rules ban third-party payment middlemen for offshore platforms, threatening foreign apps relying on QR Ph top-ups in the Philippines.
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SEC Proposes SRC Rule 48.1 Overhaul to Modernize Philippine Stock Market Margin Trading Rules
The SEC has proposed a draft overhaul of SRC Rule 48.1 to introduce dynamic, risk-sensitive margin trading rules for stock brokerages.
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SEC Clarifies Binance Partner’s Sandbox Entry Does Not Guarantee Approval in PH
The SEC clarified that admitting Binance partner BlockShoals into its regulatory sandbox does not guarantee approval, cure past violations, or allow immediate trading.
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Google Play Store Removes MEXC Crypto App in the Philippines
The MEXC mobile application is no longer available on the Google Play Store in the Philippines following ongoing SEC regulatory action against unlicensed crypto platforms.
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DTI Issues Guidelines for Gov’t Procurement of Tech (such as Blockchain) That are Unavailable Locally
DTI issued DAO 26-06 allowing Philippine government agencies to certify and import foreign blockchain, AI, and deep tech not available locally.
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BSP Draft Rule Mandates National ID Integration for Licensed VASPs, E-Wallets, and Banks
Philippine crypto exchanges, e-wallets, and digital banks must submit National ID database integration applications within three months under a draft central bank mandate.
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BSP Removes Two Firms From Registered VASP List
Bloomsolutions, Inc. (BloomX) and XenRemit, Inc., a subsidiary of Xendit Group, were excluded from the latest central bank VASP roster.
