Philippines | ForkLog

ForkLog 139 25.09.2025

Philippines to Implement Blockchain System for Monitoring State Expenditures

The Philippines is set to launch the Integrity Chain blockchain system for the Department of Public Works and Highways.

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ForkLog 216 25.08.2025

Philippines Proposes Strategic Reserve of 10,000 BTC

The central bank of the Philippines will annually acquire 2,000 BTC over five years if the bill is approved.

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ForkLog 14 12.07.2024

Two Russians Charged in $5.8 Million Insider Hack of Coins.ph Exchange

The Philippine Department of Justice has charged Vladimir Avdeev and Sergey Yashchuk with stealing approximately 340 million PHP (~$5.8 million) in XRP tokens from the local cryptocurrency exchange Coins.ph. The two Russian nationals were consultants for the platform operated by BETUR. According to the investigation, they exploited their knowledge of the exchange’s internal network infrastructure […]

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ForkLog 14 27.03.2024

Binance Faces Regulatory and International Challenges

The year 2023 marked only the beginning of Binance’s legal entanglements with authorities across various countries. In recent months, several regulators and governments have raised concerns about the cryptocurrency exchange. The Nigerian Episode In late February, the Financial Times reported the detention of two top executives of the company in Nigeria — Nadim Anjarwalla and […]

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ForkLog 11 26.03.2024

Philippine Authorities Move to Block Binance

The Philippine Securities and Exchange Commission (SEC) has taken steps to prevent local traders from accessing Binance’s services. The agency has approved the submission of an official request to the National Telecommunications Commission (NTC) to block the website and other web pages used by the world’s largest crypto exchange. According to the Commission’s statement, Binance […]

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ForkLog 10 29.11.2023

Philippine regulator accuses Binance of operating without registration

Binance is not registered as a company in the Philippines and does not have the necessary licenses to operate. This is stated in a special notice by the local Securities and Exchange Commission.

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ForkLog 5 10.02.2023

Ukraine ranks among the top three countries for interest in metaverses

Vietnam, the Philippines and Ukraine lead among countries approving the concept of metaverses, according to a CoinKickoff report.

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ForkLog 6 30.01.2023

Philippines’ SEC proposes expanded oversight of the crypto industry

The Philippine Securities and Exchange Commission (SEC) intends to bring digital assets within its remit and tighten oversight of players in the industry. This follows the regulator's draft rules that were put up for discussion, Manila Bulletin reports.

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ForkLog 13 02.11.2022

Philippines’ UnionBank launches Bitcoin trading and custody services

The Philippines' largest bank UnionBank has announced a pilot launch of trading and custody services for Bitcoin and Ethereum. The initiative is being implemented in partnership with Swiss custodian Metaco.

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ForkLog 8 12.08.2022

Philippine central bank imposes three-year moratorium on crypto firms’ registrations

Central Bank of the Philippines (BSP) has suspended for three years the consideration of applications and the issuance of licenses for providers of virtual asset services (VASP). This is stated in the memorandum.

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ForkLog 12 11.08.2022

Stablecoins-based remittance and payments service to be launched in the Philippines

The Philippines-based Direct Agent 5 (DA5), which operates one of the country's largest networks of money-transfer points, together with Broxus, will launch a service for transactions using stablecoins.

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ForkLog 12 25.07.2022

Philippine central bank governor opposes ban on cryptocurrencies

The head of the Philippine central bank, Felipe Medalla, said the agency does not plan to ban digital assets.

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