The most powerful typhoon in 2020, Goni, ripped through the Philippines last November 2 triggering storm surges, landslides, and flooding in various parts of the archipelago. The storm destroyed homes and livelihoods, left at least 17 people dead and thousands without food, water, and shelter. It devastated a country already reeling from the effects of the ongoing pandemic. Metro Manila narrowly escaped the onslaught but the surrounding southern provinces weren’t as lucky. Ca

The Philippines has become the latest country to look at the possibility of releasing its own central bank digital currency, or CBDC. On July 29 Bloomberg reported that the Philippine central bank, or Bangko Sentral ng Pilipinas, or BSP has formed a committee to consider the implication of such a move. The Philippine central bank is looking at issuing its own digital currency, Governor Benjamin Diokno says https://t.co/f449aKj8Wb — Bloomberg Economics (@economics) July 29, 2

The Philippine Bureau of the Treasury along with the UnionBank and Philippine Digital Asset Exchange launched a blockchain-based mobile app for distributing government-issued treasury bonds. The president and CEO of UnionBank, Edwin R. Bautista, claimed it was Asia’s: “first retail treasury bond issuance to leverage on blockchain technology.” The Philippines' Board of Treasury leveraged blockchain for their bonds. Check it out @coindesk @Cointelegraph !https://t.co/uqfP0w26Ui

The Securities and Exchange Commission (SEC) of the Philippines has warned the public against unauthorized crypto investments and trading. It has been reported that the Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both. It explained: “A maximum fine of P5 million or imprisonment of 21 years or both await those who act as salesmen, brokers, dealers or agents of entities engaged in unauthorized investment schem

BIMA, an International Insurance Company, has entered into a partnership with Coins.ph that will allow over 5 million customers to pay for insurance using Coins.ph wallet. It has been analyzed that BIMA has been offering insurance services in the Philippines since 2014, with services such as the Personal Accident plus Life Insurance program. However, with this newly-launched partnership, Melvin Juruena, the Country Manager of BIMA Philippines, expects that millions of custome

Abra, an investment app provider, is preparing to sell cryptocurrency for cash at 6,000 outlets across the Philippines. The expansion takes place after the firm signed a deal with local payments company ECPAY to access its network which includes all 7-Eleven stores in the country. The service lets any user of an Abra wallet purchase crypto through 7-Eleven’s CLIQQ app or kiosks. The terms include a minimum deposit requirement of 500 Philippines pesos (roughly $10) and a maxim