Blockchain is becoming central to so many industries, so much so that a recent study found it to be the most in-demand skill sought by employers in 2020.
The Philippines has partnered with Japan in its efforts to build Asia’s crypto valley, focusing on securitization. The development includes an $80M airport.
The International Monetary Fund has told the central bank of the Philippines to begin collecting data from local crypto exchange users.
Abra partnered with local payments company ECPay which will enable it to offer crypto at over 6,000 retail outlets, key among them all 7-Eleven stores.
The licenses of Golden Millennial Quickpay, Liannet Technology Ltd and Asia Premier will be temporarily halted as they move to oversight by the Cagayan Economic Zone Authority.
Atomtrans Tech Corp. and Tokyo-based Telcoin Corp both received permission to operate in the Philippines.
With crypto trade volumes still on the rise, banks better be wary about the exchanges they are willing to work with.