Unionbank Joins The Sandbox To Build Metaverse Branch
UnionBank announced its partnership with web3 platform The Sandbox, a nod to its Tech-up Pilipinas advocacy.
UnionBank announced its partnership with web3 platform The Sandbox, a nod to its Tech-up Pilipinas advocacy.
In an exclusive response to BitPinas, the Central Bank confirmed that it has granted UnionBank a limited crypto exchange (VASP) license.
Marcos highlighted that Filipinos should take advantage of digital innovations to generate more jobs to revive the country’s economy.
The bank’s customers will now be able to purchase and sell cryptocurrencies like Bitcoin directly from the UnionBank mobile banking app.
UnionBank will also talk about the possible channels to enter the NFT space, including its very own Virtual Asset Over-the-Counter service.
UnionBank said it will never ask its clients to click on a link asking for private information.
The senator added that bank depositors expect full accountability and recompense for damages and losses incurred.
UnionBank also added that “there were no monetary penalties” and that all the recommendations of the BSP to avoid similar incidents had been implemented.
Cathy Casas, UnionBank of the Philippines’s (UnionBank) head of blockchain and application programming interface group, stated that the average Filipino investor will likely hold 3% to 5% of their personal assets in digital assets like Bitcoin in five years assuming markets are “stable.” Casas cited a report from Bloomberg that currently, an average Filipino investor…
UnionBank will also share relevant information necessary to pursue investigations in accordance with the Data Privacy Act and the Data Sharing Agreement.