
UnionBank of the Philippines launches country’s first digital bond offering
In a disclosure to the Philippines Stock Exchange, UnionBank revealed that the bonds will have a minimum issue size of PHP 1 billion ($19 million).
In a disclosure to the Philippines Stock Exchange, UnionBank revealed that the bonds will have a minimum issue size of PHP 1 billion ($19 million).
The Filipino exchange will also use the funds to expand across Southeast Asia, with its news CEO saying that the market for Web3 in the country is massive.
Just days since it issued a warning against Leefire, the SEC says that the same activities are now being propagated through Sengre, which sells SGC Coin.
The Independent Electricity Market Operator of the Philippines is working on a futures offering for the country’s Wholesale Electricity Spot Market (WESM) which it has been operating since 2018.
The name change is part of PayMaya's launch of its licensed digital lending platform, Maya Bank, and a new mobile app will also be launched as part of the rebrand.
The SEC warned that Leefire, which is issuing an ICO and promising lucrative returns, isn’t licensed to service the local market with its pyramid-like products.
Central bank governor Benjamin Diokno said the wholesale CBDC may help the country address financial system problems like issues in large cross-border transfers, commercial bank money, and more.
The Anti-Money Laundering Council (AMLC) wants financial institutions to conduct due diligence when dealing with P2E gamers following the Axie Infinity's Ronin Bridge hack.
PayMaya’s parent company Voyager Innovations raised the funds from SIG Venture Capital and others as it branches into lending and digital currency offerings.
The payments provider is going for a full-suite experience for digital currency buyers with its new offering as it chases after its biggest rival GCash, which recently made the same move.
After the passing of Republic Act 11659, the Authority of the Freeport Area of Bataan is the first government entity to regulate digital currencies in the Philippines.
Wei Zhou, who stepped down from Binance in June 2021 for “personal reasons,” and will now head “the Coinbase of Southeast Asia” even as competition heats up.