In this whitepaper, Atty. Rafael Padilla, Co-Founder and Trustee of BlockDevs Asia and Professor of Law at San Beda Alabang, examines the updated guidelines for virtual asset service providers released by the Bangko Sentral ng Pilipinas.
As 2021 is a period seen as a recovery stage from the pandemic, forces like the PHILSYS are looking to expand the country’s economic and financial inclusiveness that will benefit the country for long-term.
This article highlights what we think are key takeaways from the new BSP guidelines, which are based on FATF recommendations and risk management principles.
Philippine central bank governor Benjamin Diokno has announced that the institution’s “exploratory” study of central bank digital currency suggests that much more work is needed to make a digital peso a reality. During the summer, Bangko Sentral ng Pilipinas had confirmed it was investigating the feasibility and potential policy implications of issuing its own digital […]
In a driven offer to make the Philippines as Asian money related innovation (fintech) capital, the administrator of the House Committee on Ways and Means on Monday documented House Bill (HB) 7864, or the Blockchain Technology Development Act. Albay Rep. Joey Sarte Salceda said his bill means to guarantee that blockchain innovation is legitimately perceived and directed in the nation. [...]
Rizal Commercial Banking Corporation (RCBC) has launched what they described as the country’s first all-in-one “Taglish” inclusion super app, DiskarTech. Taglish refers to...
Grab announced today the launch of the GrabPay Card in the Philippines, a digital-first prepaid card powered by Mastercard that extends GrabPay’s reach...
An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19.
The nation’s government has confirmed that...
