Tag "cryptocurrency"

There Are 41 Crypto Businesses Licensed in Philippines Right Now

Philippines has been taking active steps recently to reform its regulation in efforts to position itself a crypto friendly regime . The country’s central bank, Bangko Sentral ng Pilipinas (BSP), released its rules for domestic exchange in February 2017, seeking

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Philippines Approves 3 More Crypto Exchanges Amid Soaring Bitcoin Prices

Bangko Sentral ng Pilipinas has green-lit another 3 cryptocurrency exchanges to operate in the Philippines. The new licensed firms include Bexpress Inc,  Coinville Phils Inc. and Aba Global Philippines Inc. This brings the total number of licensed cryptocurrency exchange in

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Philippines’ Cryptocurrency Enabled Wallet Can Now Accept Western Union Transfers

Blockchain-based financial services company Coins.ph and  Western Union have teamed up to allow the fintech startup’s five million customers receive international and domestic money transfers directly into their mobile wallets in the Philippines. The collaboration was announced following news of

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STO & ICO Regulations in Asia: 2019 Edition

Despite the cold sting of the crypto winter ICOs and STOs remain popular method of fundraising, a report by PWC indicated that in 2018 alone 1134 ICOs and STOs were completed around the world — double the amount 2017. The

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ConsenSys Ventures Backs Philippine Crypto Trading Startup PDAX

Crypto-exchange platform Philippine Digital Asset Exchange (PDAX) has raised an undisclosed amount of investment made by ConsenSys Ventures, the venture capital arm of US-based blockchain software firm ConsenSys. Founded in 2017 by Nichel Gaba, Krystian Kucharzyk, and Yang Yang Zhang,

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Philippines’ CEZA Favours Self-Regulation in New Cryptocurrency Asset Regulation

The Philippines’ “fintech city ” Cagayan Economic Zone Authority (CEZA) has crafted a new set of rules in the acquisition and trading of cryptocurrency assets in the Philippines meant to effectively regulate and protect investors. CEZA disclosed it has approved

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Singapore Financial Regulator Releases Updated Guide for ICOs

The Monetary Authority of Singapore (MAS), the city state’s central bank and financial regulator, has released an update to its guide for businesses looking to raise money through initial coin offerings (ICOs). The paper, titled A Guide to Digital Token

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Thailand Accelerates Blockchain Adoption

Thailand has set out to become a major regional center for blockchain, thanks in large part to the government which has instigated several initiatives to facilitate the growth of the local blockchain ecosystem and implement the technology in areas such

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Indonesia Warms up to Blockchain

Following in the steps of international counterparts, Indonesia is setting its sights on blockchain as an enabler of increased efficiency and greater transparency with applications currently being explored in areas and industries that include e-voting and agriculture. Melbourne-based startup Horizon

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Fintech Regulation: New Law to Impact Mobile Wallet Operators in Singapore

Singapore is about to introduce a new law to prevent shadow banking by requiring mobile wallet operators and payments startups to ring-fence deposits so they don’t function as unregulated banks. In an exclusive interview (paywall) with the Business Times, Ravi Menon,

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