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“China’s military buildup on South China Sea islands threatens region: US commander” China has equipped at least three islands it has built in a disputed area of the South China Sea with anti-aircraft missile systems, fighter jets and laser and jamming equipment — a buildup that threatens all other nations in the region, a top…
” The Philippines to launch pilot CBDC implementation “ As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies (CBDCs) have caught the eye of various countries, including the Philippines. In a joint event organized…
“# Union Bank of the Philippines selects Metaco and IBM to facilitate digital asset custody operations ” On Thursday, Metaco, an enterprise cryptocurrency platform for securing, trading, issuing, and managing digital assets, announced the addition of UnionBank as its latest client. Founded in 1982, UnionBank is one of the largest banks in the Philippines, with…
“# Asian CBDC projects: What are they doing now? ” The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat. Given…
“# Philippine regulator tells Axie Infinity players they must pay tax on income from game ” Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games. An August 23 report…
“# Philippine Stock Exchange wants to launch local crypto markets first ” The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the country. On Friday, July 2, CNN reported that PSE president and CEO Ramon Monzon said the local bourse…
“#17 dead and 40 rescued after Philippine military plane crashed” MANILA, Philippines — A Philippine air force C-130 aircraft carrying troops crashed in a southern province after missing the runway Sunday, killing at least 17 military personnel while at least 40 were rescued from the burning wreckage, officials said. Defense Secretary Delfin Lorenzana said rescue…
“# Major Philippine e-wallet GCash eyes crypto trading ” GCash, a major digital wallet in the Philippines, is reportedly considering introducing crypto trading services. GCash CEO and president Martha Sazon announced that the firm is looking at offering users the ability to buy, sell and store cryptocurrencies like Bitcoin (BTC) on its platform. In a…
“# New ASEAN blockchain consortium targets cross-border cooperation ” Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports….
“#Manila orders anyone below 18 to stay indoors as virus cases surge” MANILA – The Philippine capital Manila will widen a ban on minors leaving their residences to include youths of up to 18 years old for two weeks starting on Wednesday, tightening coronavirus restrictions in a bid to tackle a new surge of infections….