[Newsletter] CryptoPH Wrap-Up – How Will the Infrawatch vs Binance Story End?
Will the story end when Binance gets a license? Or will the regulator agree to the points brought up by Infrawatch?
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Benjamin Diokno
Finance Secretary Mulls Imposing Tax on Digital Transactions
The former Bangko Sentral ng Pilipinas (BSP) Governor insisted that digital transactions should be taxed on the basis of fairness.
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Former BSP Governor Benjamin Diokno is Now the Finance Secretary
According to Diokno, his main focus as the head of DOF is to attain an A-level credit rating
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Felipe Medalla is the New BSP Governor
Diokno says he’s confident Medalla will continue the game-changing reforms he enact under his leadership of the central bank.
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BSP Wants Better Surveillance of Blockchain and Crypto Companies – ADB Report
The BSP wants to better track and monitor blockchain and crypto companies according to Asian Development Bank.
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Incoming DOF Chief Disagrees on Proposed Tax Reforms Which Include Crypto, Digital Goods
Diokno noted that the DOF must focus mainly on the government’s tax administration during the first year of President-elect Ferdinand R. Marcos Jr.
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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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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.
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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Market Update: BSP Reiterates Crypto Stance: It’s Volatile (May 26, 2021)
Also, COL Financial’s Head of Research April Lee-Tan discusses the risk of trading crypto. Lastly, PDAX has a new campaign while OKEx has a new Independence Day promo.
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