BlockShoals Technologies said it has selected a Bangko Sentral ng Pilipinas (BSP)-accredited Virtual Asset Service Provider (VASP) and is completing due diligence before beginning onboarding and system integration, a move the company said was already required under its Securities and Exchange Commission (SEC)-approved testing framework.
The Securities and Exchange Commission (SEC) has issued separate cease-and-desist orders (CDOs) against Riscoin and BG Wealth Sharing Ltd., directing both entities to stop allegedly soliciting investments from the public without the required regulatory approvals.
The Securities and Exchange Commission (SEC) has granted final approval to BlockShoals Technologies Inc. to begin testing its financial products and services under the agency’s regulatory sandbox, paving the way for Binance-linked onboarding of Filipino users into a regulated crypto environment.
Agents from the National Bureau of Investigation (NBI) arrested 15 individuals in Mandaluyong City on Saturday, May 9, in connection with a cryptocurrency investment scam.
Tacloban City-based cryptocurrency payments firm Paytaca is expanding its footprint as a digital wallet provider in the Philippines, signing up more than 300 merchants that accept Bitcoin Cash as payment.
Cryptocurrency and digital payments platform Coins.ph has joined the Circle Payments Network (CPN) to support local currency payouts for cross-border transactions into the country.
Coins.ph has opened trading for xU3O8, a tokenized uranium product built on the Tezos blockchain, giving Philippine users access to fractional exposure to physical uranium stored in Canada.
Coins.ph, one of the Philippines' fastest-growing digital wallets, has strategically launched Coins Webpay, a high-capacity payment solution engineered to eliminate the financial bottlenecks that often restrict the expansion of many businesses in the Philippines.
Coins.ph chief executive officer Wei Zhou expects 2026 to be a stronger and more stable year for global financial markets, citing a shift toward a looser monetary environment led by interest rate cuts in the United States and mirrored by easing policies in the Philippines.
