Posts in category

Philippines


The authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the country’s government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) has announced it has just granted a principle operation license to a Hong Kong-based …

0 37

A government authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the Philippines government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) announced it has just granted a principle operation license to a Hong Kong-based …

0 38

Ant Finance, the payment affiliate of Chinese e-commerce giant Alibaba, has launched a blockchain-based cross-border settlement service for consumers. According to a local news report, Ant Finance announced the blockchain remittance service at a press conference in Hong Kong on Monday, saying it will initially be rolled out for consumers sending funds between Hong Kong …

0 37

An increasing number of countries are looking at the cryptocurrency space, with three national governments launching efforts to regulate and examine projects in the last two weeks. – with a particular focus on tax policy. As might be expected, some jurisdictions – especially in the Asian market – have moved to clarify the rules that …

0 42

The Philippines Securities and Exchange Commission (SEC) has officially warned against 14 cryptocurrency investment schemes seeking to attract consumers in the country. In an advisory statement issued Wednesday, the regulator listed the names of the 14 investment projects, including Onecash, which was already called out by the SEC in a previous warning last month. As …

0 37

A Philippines lawmaker is seeking to speed up the passage of legislation that would increase the penalties for crimes involving cryptocurrencies. Leila M. de Lima, a Philippines’ opposition senator, urged her colleagues in the legislative house on Monday to allow “swift passage” of bills she has previously introduced proposing to raise penalties for crypto crimes to …

0 40

The Philippines securities watchdog warned that it will regulate cryptocurrency cloud mining contracts in the country under existing securities rules. In a statement issued Tuesday, the country’s Securities and Exchange Commission (SEC) said that cloud mining contracts should be classified as securities, since, when the Howey test is applied, the process was determined to involve a …

0 38

The Philippines Securities and Exchange Commission (SEC) has issued a warning over a cryptocurrency investment platform that it alleges is offering unregistered securities. According to an advisory issued Wednesday, the SEC takes aim at at firm dubbed Onecash Trading which, according to its website, aims to recruit investors as affiliated cryptocurrency traders or “builders” who …

0 38

Philippine Senator Leila de Lima has filed a bill to impose stricter penalties for cryptocurrency-related crimes, due to the complexity of the investigation process, according to a press release from the Philippine Senate published Tuesday, March 13. According to Senate Bill (SB) No. 1694, all crimes described by the Revised Penal Code (RPC) would incur …

0 40

Filipinos face heavier sentences for crimes involving cryptocurrencies if a proposed new bill is passed into law. According to a press release from the Philippines Senate on Mar. 13, opposition senator Leila M. de Lima has filed a bill – SB 1694 – to the country’s legislative house, seeking to raise penalties for crimes involving cryptocurrencies …

0 39

Five banks in the Philippines are reportedly grouping up to use Visa’s blockchain-based payment platform. As part of a new arrangement, the Union Bank of the Philippines (UnionBank) will assist four unnamed rural banks that are seeking to boost the efficiency of their payments processes by building a local platform base on top of Visa’s …

0 44

The Philippines’ Department of Justice (DOJ) has ordered an investigation into a cryptocurrency firm that allegedly used the name of Senate President Aquilino Pimentel III in order to lure clients. The politician, commonly known as “Koko” Pimentel, was allegedly misrepresented by Digital Currency Co. Ltd. and Boy Joven in a cryptocurrency venture called Philippine Global Coin, …

0 43

The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud. The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, …

0 49

The Philippines Securities and Exchange Commission filed a cease-and-desist order against four companies and an operator running an initial coin offering (ICO), citing securities registration regulations, a newly released document reveals. The order, dated Jan. 9, 2018 and posted on the agency’s website today, cites four affiliated companies – Black Cell Technology Inc., Black Sands …

0 38

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Philippine central bank is reportedly reviewing 12 applications for bitcoin exchange registrations. After issuing regulatory guidelines for bitcoin exchanges in February this year, the Bangko Sentral ng Pilipinas (BSP), Philippines’’ central bank, is now evaluating 12 separate applicants vying to register …

0 37

Digital currency operators and Bitcoin exchanges are the most common targets of distributed denial of service (DDoS) attacks according to a report titled “Q3 2017 Global DDoS Threat Landscape.” Imperva Incapsula said that three out of four Bitcoin sites were victims of DDoS attacks in the third quarter of 2017 alone. A DDoS attack happens …

0 37

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. After introducing regulations for bitcoin exchanges earlier this year, authorities in the Philippines are casting their eye on initial coin offerings (ICOs). Bangko Sentral ng Pilipinas (BSP) governor Nestor Espenilla has revealed the central bank’s intent to introduce regulations for initial coin …

0 36

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Earlier this week, CCN reported that the Supreme Court of India request the central bank and the authorities to provide clarity on the regulatory framework surrounding bitcoin and the cryptocurrency market. “According to Indian news daily The Hindu, three justices from India’s …

0 36

The Philippines’ Securities and Exchange Commission (SEC) has announced that it is considering steps to legalize the use of digital currencies in the country by classifying them as securities. The move comes following the financial regulator’s issuance of regulations for the cryptocurrencies like Bitcoin earlier in 2017. The Manila Times reported that SEC Commissioner Emilio …

0 37

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. After issuing regulations for the cryptocurrency industry earlier this year, Philippine authorities are considering further steps to expand the use of digital currencies like bitcoin in the country. In a news conference this week, the country’s Securities and Exchange Commission (SEC) commissioner …

0 38