BSP Approves Open Finance Framework
BSP Governor Benjamin Diokno explained that the new framework will help monetary entities like the central bank in achieving its goal of letting more Filipino adults in the formal financial system.
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Regulation
All things regulatory and compliance.
Thailand SEC Bans Meme Coins, Fan Tokens, NFTs
Local exchanges in Thailand had been given a deadline until July 11 to submit their new rules for listing tokens that complies with the new guidelines from the Thailand Securities and Exchange Commission (SEC).
Read more Overseas Filipinos Send More Money Back Home, Higher than Pre-Pandemic
The news did not receive a warm reception after it was posted by BSP Governor Benjamin Diokno. According to Susan Ople, an advocate of OFW rights and the current head of the Blas Ople Policy Center (BOPC), the struggling OFW has become the “ayuda” source of their household back home.
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BSP: PH Digital Transactions Increase Despite the Health Crisis
The BSP previously said that digitalization is a key beneficiary of the pandemic and has urged the country to embrace a new normal society.
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PH SEC Advisory Against New Investment Scheme REPOSCO TRADING
SEC warns the public to stop investing in Reposco Trading and not entertain the offers of its representatives
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BPI No Longer Allows Crypto Transactions
The ban from BPI didn’t make sense because GCash, a sister company (both are part of the Ayala group) recently expressed interest to add cryptocurrency functions on the GCash mobile app.
Read more SEC Issues Advisory Against Xian Gaza, Xian Coin
Gaza, more popularly known as the “pambansang scammer” boasted that the money from Xian Coins will be used to finance his underground activities.
Read more Why the BSP Is Pushing For National QR Standards
The BSP said the adoption of the National QR Code Standard is a turning point in the country’s digital transformation journey.
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SEC Issues Advisories Against 247 Cryptotrade Online, Wolves Options, Etc
The entities encourage investors by promising guaranteed returns between 18% to 1,000% every week.
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BSP Expects Increase in Cryptocurrency Transactions in the Philippines
The total transaction volume from January to September 2020 was 7.2 million. This is a 36% increase versus the volume recorded within the same period in 2019 (5.3 million).
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