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.
Bangko Sentral ng Pilipinas plans to wait a further “three to five years” before it entertains the idea of launching its own cryptocurrency.