Cryptocurrencies Could Be Used For Terrorism Financing – Philippines Central Bank Governor

News, Regulation | June 12, 2019 By:

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said that it will continue to address the risks brought about by the growing use of cryptocurrencies in the country.

BSP Governor Benjamin Diokno said in a statement that he is not fully convinced about the use of cryptocurrencies in the country since they could be used to fund terrorism.


Philippines SEC to Regulate ICOs

ICO News, News, Regulation | November 23, 2017 By:

The Philippines Securities and Exchange Commission (SEC) is looking to come up with regulations and guidelines on initial coin offerings (ICO) and cryptocurrency exchanges.

SEC Commissioner Emilio Aquino said the commission had no rules governing ICOs but it could apply other jurisdictions that consider them as securities.