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.
The BSP previously said that digitalization is a key beneficiary of the pandemic and has urged the country to embrace a new normal society.
SEC warns the public to stop investing in Reposco Trading and not entertain the offers of its representatives
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.
Gaza, more popularly known as the “pambansang scammer” boasted that the money from Xian Coins will be used to finance his underground activities.
The BSP said the adoption of the National QR Code Standard is a turning point in the country’s digital transformation journey.
The entities encourage investors by promising guaranteed returns between 18% to 1,000% every week.
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).
BSP is tasking the new unit to address the interplay between digital money and physical currency, as well as support the Philippines’ digital transformation of its financial services.
The SEC has issued an advisory against multiple crypto, crowdfunding, and franchising schemes for operating without the necessary licenses and authority to solicit investments from the public.
In this exclusive interview with BitPinas, the BSP discussed the challenges of 2020, its position on cryptocurrencies, virtual asset service providers in the country, and the key benefits for international crypto companies if they register in the Philippines.