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).
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Coins.ph raises $30M in latest funding to aid Web3 expansion
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.
Philippines SEC issues warning vs yet another digital asset pyramid scam
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.
Philippines: Electricity market operator explores blockchain tech for P2P energy trading
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.
Philippines digital currency firm PayMaya rebrands to Maya
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.
Philippines SEC issues warning vs Leefire digital asset pyramid scheme
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.
Philippines central bank embarks on wholesale CBDC pilot project
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.
Philippines’ AML watchdog warns banks against play-to-earn gaming transactions
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.
Philippines: PayMaya’s parent firm achieves ‘unicorn’ status after raising $210M in new funds
PayMaya’s parent company Voyager Innovations raised the funds from SIG Venture Capital and others as it branches into lending and digital currency offerings.
PayMaya users in the Philippines now enabled to buy and sell digital currencies seamlessly
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.
Philippines: Bataan free zone targets digital currency and blockchain companies with new regulations
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.
Ex-Binance CFO snaps up Philippine exchange Coins.ph for $200M: report
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.