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News and Events

Buying or Selling Bitcoins? BSP Approves 2 More Virtual Currency Exchanges

The banking regulator has registered a total of five crypto-exchanges since late 2017

The Bangko Sentral ng Pilipinas (BSP) has approved two more companies to operate as virtual currency exchanges (VCEs), or firms that convert Philippine pesos into cryptocurrencies such as Bitcoin and Ethereum, and vice versa.BSP Deputy Governor Chuchi Fonacier has said that the ...

by Lorenzo Kyle Subido  | July 09, 2018 04:00:00
News and Events

Offshore Cryptocurrency Hub Rising in Remote Corner of Northeastern Luzon

Crypto-friendly policies turning Cagayan Valley into a virtual currency hotspot amid regulatory curbs in China and other countries

The Cagayan Economic Zone Authority (CEZA), which runs a special economic zone and free port in Cagayan Valley province in northern Luzon, has signed agreements with 15 fintech companies to locate offshore virtual currency operations within the zone, the government agency announced ...

by Roel Landingin  | May 21, 2018 07:00:00
News and Events

‘Cloud Mining’ Investment Platforms Promise Hefty Returns But SEC Warns Some May be Scams

The securities regulator says these are unregistered investments that expose investors to fraud risks

The Securities and Exchange Commission (SEC) warned the public against investing in cloud mining schemes in an advisory released on Monday, April 10. The commission said any transaction related to cloud mining should be duly registered with the agency, and companies engaging ...

by Pauline Macaraeg  | April 16, 2018 09:00:00
News and Events

Firms Seeking Cryptocurrency Exchange Licenses from BSP More Than Double in Past Quarter

Regulators say some applicants need extra license as electronic money issuer with Php100 million capital

The number of companies applying for cryptocurrency or virtual currency exchanges (VCE) license from the Bangko Sentral ng Pilipinas (BSP) has gone up to 29 as of early April, according to various newspaper reports published Wednesday, April 11.That’s more than double the ...

by Lorenzo Kyle Subido  | April 12, 2018 03:00:00
News and Events

(Infographic) How to Protect Your Cryptocurrency Holdings

If you're planning to invest in the volatile and risky market, be smart about it

As of August 2017, more than $225 million worth of cryptocurrency was stolen, according to research compiled by CryptoGo, a cryptocurrency exchange. In 2013, the total amount of stolen Bitcoin was valued at $3 million, and in 2016 this number reached a whopping $95 ...

by Rose Leadem  | March 27, 2018 06:00:00
News and Events

SEC on Initial Coin Offerings: If It Acts Like a Security, It Must be a Security and Must be Registered

A regulator explains how the commission is trying to balance technological innovation and investor protection

Xurpas founder and chair Nix Nolledo speaks at the cryptocurrency forum held recently in Makati CityIf somebody borrowed a million pesos for five years from a bank, the lender will probably need to assign a loan officer to process the loan and ...

by Roel Landingin  | March 22, 2018 10:00:00
News and Events

3 Truths and Myths About Cryptocurrency in PH, According to BSP Governor Espenilla

The country’s chief monetary official clears up some misconceptions about digital money

The Bangko Sentral ng Pilipinas (BSP)’s policy stance towards cryptocurrencies in the Philippines has evolved alongside the spread and widening use of virtual money for transfers, payments and investment.Referring to digital, decentralized and unregulated currencies such as Bitcoin and Ethereum, cryptocurrencies are ...

by Lorenzo Kyle Subido  | March 15, 2018 09:00:00
News and Events

Manny Pacquiao Investing in Cryptocurrency Startup, Will Release His Own Virtual Token Soon

The boxer and senator recently signed with GCOX as a private investor and celebrity ambassador

Sen. Manny Pacquiao poses with Steve Askew, executive president of GCOX, during the signing of the GCOX contractBoxing champion and Philippine senator Emmanuel “Manny” D. Pacquiao recently added “startup investor” to his long list of titles. And soon, he’ll also be able ...

by Lorenzo Kyle Subido  | March 12, 2018 02:00:00
News and Events

Enderun's Fintech & Blockchain Summit: When Disruptors, Incumbents and Regulators Meet

The March 21-22 meeting aims to examine digital transformation of finance in the Philippines

Enderun Colleges, the Philippines’ leading hospitality management school, is holding a Fintech & Blockchain Innovation Summit on March 21-22, 2018 at SMX Convention Center, SM Aura Premier in partnership with Global Chamber Manila, a global business networking group.Colin Christie, dean for digital ...

by Entrepreneur Staff  | March 03, 2018 10:00:00
Run & Grow

5 Ways Cryptocurrency Can Help Entrepreneurs in 2018

Cryptocurrency will continue to provide a viable means for entrepreneurs to create value in the world

Cryptocurrency has revolutionized the way we transact value, invest our savings and raise capital with its decentralised digital cash system. Blockchaintechnology is a once-in-a-lifetime invention; never before in history have we been presented with such a breakthrough in financial technology. In 2018,entrepreneurs are well positioned ...

by Kingsley Advani  | February 17, 2018 08:00:00
Startup Tips

Is Bitcoin the Biggest Bubble in Human History?

Cryptocurrency's value is based entirely on one thing: its scarcity. But how can something that doesn't exist be scarce or plentiful?

by John C. Dvorak  | February 09, 2018 02:00:00
News and Events

Why is the SEC Blocking Joseph Calata From Selling Tokens for his HK-Based Cryptocurrency Startup to PH Investors?

Corporate regulator says it’s not banning initial coins offering despite earlier warnings

The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against four companies owned by businessman Joseph Calata, the chairman of formerly listed firm Calata Corp. The order aims to block them from selling cryptocurrencies or tokens in ...

by Lorenzo Kyle Subido  | January 29, 2018 04:00:00
News and Events

5 Times Pop Culture Has Celebrated Bitcoin and Other Cryptocurrencies

From a movie, a TV show to a Japanese girl group, check out these homages

While Bitcoin continues to both become more accepted in some markets and completely banned in others and its value continues to fluctuate, there has been an odd side effect of the cryptocurrency’s influence -- it has become the inspiration for pop culture ...

by Nina Zipkin  | January 24, 2018 08:00:00