China’s most powerful regulators on Friday, September 24, intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.
Bertila Garcia has set up her snack stall on the same corner in El Salvador’s capital for four decades – never accepting anything other than cash as payment. Even as her country makes history by adopting bitcoin, she has no plans to change.
Screen star Kim Chiu is the new face of Shopee, the leading e-commerce platform in Southeast Asia and Taiwan.
E-commerce continues to play a significantly important role in the Philippine market and is estimated to be worth US$12 billion by 2025.
Commissioner Kelvin Lester Lee of the Securities and Exchange Commission (SEC), wrote in a column for The Manila Times that the commission’s focus is to protect the investors in regards to the growing cryptocurrency, fintech, and blockchain industry.
Financial technology firms are urged by the Bangko Sentral ng Pilipinas (BSP) to seize opportunities presented by the rise in digital transactions and issuance of supportive e-payment policies in developing innovative solutions, on Friday during the Fintech Alliance Philippines’ 2nd General Membership Meeting.
A recent survey revealed that 68% of Filipinos, or 2 in 3 online shoppers in the Philippines, prefer using e-wallets as their mode of payment for transactions.
The Philippine Securities and Exchange Commission (SEC) released an advisory to the public to be cautious when transacting with foreign corporations, organizations or entities that are not licensed or registered in the country.
Maya Bank, affiliated with PLDT’s Voyager Inc., secured a digital banking license from the Banko Sentral ng Pilipinas (BSP). This approval of the central bank brings the total of 6 digital banks allowed to operate under the new banking classification.
Fintech firm Gcash, an e-wallet provider, in collaboration with Igloo, a Singapore-based regional insurect firm, is set to launch the first of its kind online shopping insurance protection. This partnership aims to offer peace of mind for 46 million GCash users when they transact using GCash.
The Bangko Sentral ng Pilipinas (BSP) has issued the governance policy for Operators of Payment System (OPS) as part of the phased-in implementation of Republic Act No. 11127 or the National Payment Systems Act (NPSA).
SquidPay Technology Inc., a financial technology (fintech) firm, announced its partnership with Bayad. The initiative aims to enhance its bills payment capability and “provide more convenience” to SquidPay mobile app users.
The House of Representatives on Tuesday evening approved a bill that would impose a 12% value-added tax (VAT) on digital service providers in the country.
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