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Latest articles tagged:

Phillipines

802, 2017

The Philippines Central Bank approves new bitcoin exchange regulation

|8 Feb 2017|News|

The Philippine Central Bank recently approved new rules and regulations governing the operation of virtual currency exchanges. Bangko Sentral ng Pilipinas (BSP) defines virtual currency (VC) as, “any type of digital unit that is used as a medium of exchange or a form of digitally stored value created by agreement within the community of VC users.”

1309, 2016

Bitcoin remittances ‘20 percent’ of South Korea-Philippines corridor

|13 Sep 2016|News|

Bitcoin adoption within the international remittance market is starting to show its first real signs of life. According to the founder and CTO of BloomSolutions, Luis Buenaventura, bitcoin powered remittances now account for 20% of the Asian remittance corridor between South Korea and the Philippines. “$35-40M a year is bitcoin, probably more than that,” he told BNC during an interview. According to the world bank, US$215 million passed through the corridor last year.

1205, 2015

Fintech Forces Mounting in the Philippines

|12 May 2015|News|

Addressing remittance and the unbanked is a popular topic in the Bitcoin Industry, and the Philippines has become a keen area of focus. Serial healthcare entrepreneur Jose Maristela recently  invested US$100,000 into Satoshi Citadel Industries (SCI), a prominent startup in the country.

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