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Philippines issues new rules on acquiring cryptocurrency assets

In a bid to effectively regulate and protect investors, a comprehensive set of new rules governing cryptocurrencies was recently unveiled by the Philippines, through the Cagayan Economic Zone Authority (CEZA). According to a recent press release, CEZA has approved the Digital Asset Token Offering (DATO) regulations that cover the acquisition …

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UnionBank Launches Two-Way Bitcoin ATM in the Philippines

The UnionBank of the Philippines, one of the leading financial institutions in the country, has launched a two-way bitcoin automated teller machine (ATM), according to a story in local media outlet Philstar. This is the country’s second crypto ATM that provides users with the ability to sell and purchase digital …

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Blockchain Education in the Philippines Going Mainstream

Be it formal or casual, blockchain education is becoming a regular thing in the Philippines although its usage in different sectors, education in itself, has yet to be applied. AMBERLab or Ateneo-MediXserve Blockchain Education & Reasearch Lab defines blockchain as “an incorruptible distributed data-based technology and a peer-to-peer transaction system.” …

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Union Bank of the Philippines Launching Cryptocurrency ATM

One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.” Also read: Indian Supreme Court Moves …

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Philippines Introduces Cryptocurrency Regulatory Framework Aimed at Investor Protection

The Philippines has become the latest nation to issue a cryptocurrency regulatory framework through the Cagayan Economic Zone Authority (CEZA), with the Asia Blockchain and Crypto Association (ABACA) becoming the self-regulatory organization to enforce the new regulations. The principal aim for this framework is investor protection, as well as general …

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UnionBank-IBM Blockchain Venture Seen to Revolutionize Trade Finance in Philippines

UnionBank of the Philippines has set its eyes on revolutionising the supply chain finance in the Philippines through its tie-up with tech giant IBM. IBM Philippines chief technologist Lope Doromal Jr disclosed that UnionBank and IBM are working on a blockchain-based solution. Doromal claimed the cloud-based application is one of …

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Philippines’ Cagayan Economic Zone Authority pushes massive cryptocurrency regulations

The South-East Asian country of the Philippines is set to introduce a fresh set of regulations to govern cryptocurrencies, which will encompass the acquisition, utility, and security of the same. The Philippines is pushing these regulations to ensure their cryptocurrency investors are secure and the industry has the required innovation …

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Philippines issues new rules on acquiring cryptocurrency assets, Business News

Self-regulatory organization (SRO) to help enforce regulations, code of conduct SINGAPORE –  Media OutReach  – 4 February 2019 –   The Philippines, through the Cagayan Economic Zone Authority (CEZA), unveils a comprehensive set of new rules governing cryptocurrencies in a bid to effectively regulate and protect investors. CEZA has approved the …

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Blockchain Sees Success in the Philippines as IBM Teams up with Union Bank

Blockchain has been slowly but surely changing the world by seeing adoption in several facets of life from medicine to finance. However, different places have seen adoption at different paces and while some places have been slower at adoption, one place where it has been rapid is the Philippines. IBM …

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Philippines issues new rules on acquiring cryptocurrency assets

The Philippines, through the Cagayan Economic Zone Authority (CEZA), unveils a comprehensive set of new rules governing cryptocurrencies in a bid to effectively regulate and protect investors. CEZA has approved the Digital Asset Token Offering (DATO) regulations that cover the acquisition of crypto assets, including utility and security tokens. …

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