Philippines – DIGIT INFO

Binance Freezes $3.5M in Crypto as Kidnap Ransom Trail Collapses on Blockchain

June 14, 2025 by DIGIT

Binance froze assets, traced blockchain trails, and helped crack a cross-border ransom-for-crypto network as it dismantled a $3.75M laundering ring hiding in casinos. Binance Neutralizes Crypto Laundering Hub Hidden in Junket-Casino Labyrinth Crypto exchange Binance revealed on June 13 that its Financial Intelligence Unit (FIU) supported Philippine law enforcement in dismantling a sophisticated kidnapping-for-ransom operation … Read more

Treasury Sanctions Crypto Scam Ring Tied to China and Philippines—FBI Seeks Victims

May 31, 2025 by DIGIT

A sweeping U.S. crackdown has exposed a massive crypto scam network based in the Philippines and linked to China, with Funnull fueling $200 million in fake investment fraud. Treasury Targets China-Backed Philippine Crypto Scam—FBI Wants Victim Info The U.S. Department of the Treasury took decisive action on May 29 by sanctioning Funnull Technology Inc., a … Read more

Gcash Connects 100 Million Philippine Users to USDC Dollar Network

March 24, 2025 by DIGIT

Gcash opens access to USDC for 100 million users in the Philippines, enabling stable, dollar-backed digital currency use for global payments, savings, and financial empowerment. Gcash Opens Philippine Wallets to Dollar-Backed USDC in Massive Crypto Shift Mobile wallet provider Gcash, a dominant force in digital finance in the Philippines, announced on March 18 in Manila … Read more

Emerging markets lead crypto adoption, according to Consenys survey

December 12, 2024 by DIGIT

According to a survey from blockchain firm Consensys, half of the population of Nigeria, South Africa, Vietnam, the Philippines and India already own a crypto wallet. Go to Source

Philippines Plans to Introduce Wholesale CBDC by 2029

July 27, 2024 by DIGIT

Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer … Read more

Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

July 20, 2024 by DIGIT

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other … Read more

Philippines Charges 2 Russians in $6.2 Million XRP Theft

July 15, 2024 by DIGIT

The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine DOJ Charges … Read more

Tether and Uquid Partner for Social Security Payments in the Philippines

July 1, 2024 by DIGIT

The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON). Additionally, Uquid has released a detailed guide for citizens on how to use USDT-TON to pay … Read more

Philippines adopts Tether’s USDT for social security payments

July 1, 2024 by DIGIT

The Social Security System is a state-run social insurance program that serves employees in the official, informal and private sectors. Go to Source

Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments

June 20, 2024 by DIGIT

The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of 35% in 15 days and rewards like smartphones and vehicles. Skyline … Read more