New BPI Head Doesn’t See Value in Crypto, Endorses CBDC Initiative
BPI’s Limcaoco said he does not believe in crypto because it has no legal backing and that there was no economic reason for the value that they have.
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BPI
Weekly Wrap-Up: Tesla Will Only Accept Bitcoin If This Happens (June 14, 2021)
Xian Gaza, Xian Coin, Axie Infinity, and BPI were the hot stories last week. Also DICT conducted a blockchain basics seminar.
Read more 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.
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Luis Buenaventura II: PH Crypto Industry’s Dirty Little Secret
It’s truly saddening to still be marginalized after all this time operating in the regulated space.
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Digital Banking Grows During ECQ
The enhanced community quarantine (ECQ) has triggered the increase in the number of people using digital banking in the Philippines.
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Philippine Banks Are Interested With the Blockchain, but Not With Cryptocurrency
Banks are now looking at the blockchain as a way to improve efficiency across their systems. However, they are still cautious on cryptocurrencies.
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