Bitcoin Philippines | Blockchain News Philippines | Cryptocurrency News
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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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 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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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.
Read more Plus NBA Top Shot could not keep up with demand.
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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).
Read more 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.
Read more The World Bank previously estimated that that there would be a 13% decline in local remittances because of the pandemic.
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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.
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In this whitepaper, Atty. Rafael Padilla, Co-Founder and Trustee of BlockDevs Asia and Professor of Law at San Beda Alabang, examines the updated guidelines for virtual asset service providers released by the Bangko Sentral ng Pilipinas.
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