The Securities and Exchange Commission (SEC) of the Philippines has officially launched its Strategic Sandbox (StratBox) program for Crypto-Asset Service Providers (CASPs). This initiative, detailed in SEC Memorandum Circular No. 09-2024, provides a controlled environment for companies to test innovative digital currency services. The goal is to inform future regulations ...
The Bangko Sentral ng Pilipinas (BSP) has completed its pilot program for Project Agila, a wholesale central bank digital currency (CBDC) aimed at improving the efficiency of interbank payments. The central bank announced this update in a press release on Thursday, December 5. According to the press release, the initiative ...
Coins.ph, a Filipino crypto exchange, has expanded its Ethereum-based stablecoin PHPC to the Ronin network. This move, announced on July 8 by the Ronin team, aims to provide local blockchain gamers with a seamless way to use their in-game earnings for real-world transactions within the Philippines. PHPC maintains a 1:1 ...
The Philippine National Police Anti-Cybercrime Group (PNP ACG) has issued a warning alert about the dangers associated with cryptocurrency-based gaming schemes. The Philippine authorities urged its citizens to maintain vigilance against the diverse tactics employed to extract funds from the gaming community. The PNP ACG highlighted that these risks are ...
