Search results for Philippine central bank
Crypto
BlockScholes says Binance can offer trading services under Philippines SEC framework
Binance is providing Philippine users access to cryptocurrency trading through a partnership with BlockScholes Technologies, based on the Philippines Securities and Exchange Commission’s crypto asset service provider framework and its strategic sandbox, Stratbox. BlockScholes legal head Marie Antoinette Quiogue said the firm connects users to Binance’s global trading platform and that trading falls under the SEC’s jurisdiction. The central bank said neither firm is licensed as a virtual asset service provider.
Finance
Four major financial groups\' Q1 results split as AI, digital finance spread
South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.
Crypto
Wemix lists on Philippine crypto exchange Coins
Wemix, a crypto asset issued by the Wemix Foundation, has been listed on Philippine crypto exchange Coins, the foundation said on March 17. Deposits and withdrawals are available from that day. Coins is the Philippines\' largest crypto exchange with more than 18 million members and holds official licenses from the central bank, including virtual asset service provider and electronic money issuer licenses. Wemix can now be traded directly in pesos.