BSP: CBDC Pilot Completion by the End of 2024
BSP plans to issue wholesale CBDCs to commercial banks and financial institutions for various purposes such as settling interbank payments
BSP plans to issue wholesale CBDCs to commercial banks and financial institutions for various purposes such as settling interbank payments
Philippines’ NTC enforces SEC’s directive to block unlicensed investment platforms, including MiTrade, to safeguard the public from investment scams
In an email reply, an SEC spokesperson shares an update on the most important question of the crypto community.
In September last year, the central bank said it chose Hyperledger Fabric as the technology backbone for its Project Agila, the pilot wholesale CBDC initiative.
The company, led by Michael Viola, offered subscription packages with high returns, prompting investigations and warnings from regulatory authorities.
Despite warnings and investigations revealing its lack of necessary permits and licenses, CryptoAsset continued its unauthorized offering of investment securities to the public, resulting in legal action by the SEC.
Viral videos are showing a Philippine Senator announcing the Binance ban in the Philippines. But is it true?
Beware of the ‘Recharging and Tasking Scam’: SEC warns against fraudulent schemes enticing investments through fake e-commerce platforms, posing as reputable companies.
BSP’s latest memorandum outlines stringent rules for VASPs, with an emphasis on due diligence in peer-to-peer transactions and unhosted wallets.
Twitter’s @Safety account confirmed that @SECGov was compromised, attributing the breach to an individual gaining control of a phone number linked to the account, rather than a system breach.