A bill proposed in the Philippine Congress would create a government-run bitcoin (BTC )reserve that cannot be touched for two decades except to pay down the nation’s rising debt load, setting some of the strictest sovereign crypto storage rules yet. The proposed Strategic Bitcoin Reserve Act, introduced by Rep. Miguel Luis R. Villafuerte, directs the … Read more
The Philippines Securities and Exchange Commission (SEC) said it may take action against crypto exchanges including OKX, ByBit and Bitget for operating without appropriate registration and warned the public against using the platforms. In a notice dated Aug. 4, the commission also named Mexc, Kucoin and Kraken as being accessible without being registered and, in … Read more
At a time when cryptocurrencies are snapping out of a two-year slumber period to sprint on a bull run, the largest crypto exchange in the world is facing multiple legal crisis in different parts of the world. The government of Philippines, in a fresh development, has announced a ban on Binance citing its lack of … Read more