UnionDigital Gets BSP Approval to Start Operations
UnionDigital is the fourth bank to be granted a digital banking license by the central bank.
UnionDigital is the fourth bank to be granted a digital banking license by the central bank.
UnionBank will also talk about the possible channels to enter the NFT space, including its very own Virtual Asset Over-the-Counter service.
With this innovation, art institutes that hold exclusive collections can showcase these by making their NFT versions available for purchase in tiles.
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.
The program will have a series of webinars and a sale and auction of Filipino NFT artworks curated by CANVAS.PH.
UnionBank says it plans to offer crypto trading and crypto custody soon as a way to future proof its business.