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Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of Asia recently met to discuss Asian countries’ crypto regulations. They urge the Philippine Congress to introduce legislation on cryptocurrencies and security tokens, calling for cooperation among Asian countries. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws … Read more
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of its investors and crypto service providers. Many cryptocurrency exchanges have … Read more
The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation, including quarterly data collection from approved crypto exchanges. Also read: Regs Roundup – China … Read more
The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis Go to Source Powered by WPeMatico
SendFriend has managed to save up to 80% in remittance fees using XRP Go to Source Powered by WPeMatico
Ethereum venture production studio ConsenSys is reportedly closing down offices in the Philippines and in India Go to Source Powered by WPeMatico
BCB Blockchain has partnered with the Philippines to bring its expertise in research and development of smart city apps to the country Go to Source Powered by WPeMatico
Access to cryptocurrency, still a relatively new invention, requires some technological knowledge and computer literacy. In order to become more mainstream, however, Bitcoin will have to become more “main street” so to speak. Some crypto evangelists are finding ways to simplify the process of digital asset acquisition, making it easier for the average man or … Read more
Philippine Senator Grace Poe said that local lawmakers should not be in a hurry to pass financial technology regulation Go to Source Powered by WPeMatico
The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also issued new directives to all of its licensees, including 40 crypto … Read more
