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More Than Just a Joke: Study Reveals Only Crypto Category Profitable in 2025

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

$BTC? Altcoins? Stablecoins? Utility Tokens? NFTs?

Despite often being brushed off as tokens created “just for fun,” a recent study by ChainPlay revealed that memecoins have outperformed all other crypto market sectors in 2025, proving they are far more than just “joke” coins.

Photo from NFTevening, citing ChainPlay data.

Meme Coins 2025 Performance

According to ChainPlay, memecoins outperformed all other cryptocurrency branches this year, becoming the only category to post positive returns so far in 2025.

As reported by NFTevening, the study stated the meme sector recorded an average profit-and-loss of +33.08% from January to May, standing in sharp contrast to the negative performance of nine other key sectors, including AI, GameFi, Layer 1, Layer 2, and non-fungible tokens (NFTs).

Despite the high failure rate common to meme tokens, the study revealed that 18.82% of memecoin projects achieved profitability, the highest across all sectors except Real World Assets (RWA), which had a lower failure rate but still ended with a -7.95% average return.

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By comparison, just 8.69% of AI projects and 6.14% of Layer 2 tokens made profits. This makes memecoins a surprising standout in a tough year for crypto investors.

To get these results from profitability analysis, the study used CoinGecko’s market data across 10 crypto sectors, measuring each token’s performance from January 1 to May 31, 2025. Tokens with no end price were assigned a -100% return, while incomplete data was excluded to maintain accuracy.

Launched Memecoins in 2025

On the other hand, the study also revealed that as of June 11, 2025, nearly 5.9 million new meme tokens were launched on Pump.fun, a more than tenfold increase compared to the 540,000 new tokens recorded across all decentralized exchanges by April 2024, based on CoinGecko data.

An average of 36,405 meme tokens were created daily on Pump.fun in 2025, more than three times the 2024 daily average of 10,417 tokens. Monthly meme token launches consistently surpassed 800,000, with January 2025 alone recording over 1.7 million new tokens.

To produce these results, the study tracked the daily number of tokens launched on Pump.fun from January 1 to June 11, 2025, and compared the figures with CoinGecko’s token creation data from 2024.

What are Memecoins?

Memecoins are cryptocurrencies that were inspired by internet jokes or memes and rose to prominence through strong community backing and viral appeal. Their prices tend to be highly volatile, often influenced by social media trends and endorsements from popular personalities.

Despite the risks, some memecoins have delivered high returns, making them a notable part of the crypto market.

In 2024, memecoins surged by 330%, reaching a total market value of $140 billion. They accounted for 11.21% of the crypto market, excluding $BTC and $ETH, according to data from CEX.IO.

This year, a February study by ChainPlay and Storible found that 78% of crypto investors bought president-endorsed memecoins like $TRUMP, $CAR, and $LIBRA, but 66% lost money due to high volatility and pump-and-dump schemes. $LIBRA had the highest loss rate at 75%, and 21% of first-time buyers exited the crypto market after their experience.

This article is published on BitPinas: More Than Just a Joke: Study Reveals Only Crypto Category Profitable in 2025

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ژوئن 28, 2025
SEC-Davao: Four Entities Under Monitoring Over Alleged Involvement in Crypto Scam

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

As part of a broader crackdown on online financial fraud in the region, the Securities and Exchange Commission (SEC) in the country’s 16th region, or the Davao Region, said that it is monitoring four entities suspected of involvement in cryptocurrency scams.

Crypto Scams in Davao

SEC-Davao Director Atty. Katrina Jamilla Ponco-Estares revealed during a business forum on June 20, 2025, that these entities are mostly unregistered and operate solely online, using digital platforms, like e-wallets, to solicit investments.

“More on online ang mga scams ngayon. At mostly hindi registered sa SEC at mostly sa online lang. Meron kaming makikita online na invitation to the public to invest.”

Atty. Katrina Jamilla Ponco-Estares, Director, Securities and Exchange Commission-Davao

[Translation: “Most scams today are done online, and most of them are not registered with the SEC. We are seeing them inviting the public online to invest.”]

Ponco-Estares said most cryptocurrency scams they monitor are hard to trace due to lack of evidence and the scammers’ reliance on social media and online platforms.

SEC-Davao Director Atty. Katrina Jamilla Ponco-Estares udring the business forum.
Photo courtesy of MindaNews.

Other Reports

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In addition, between January and June 2025, SEC-Davao received 11 complaints related to investment scams and 77 complaints involving illegal lending and financing activities across the region.

Among the tactics used by scammers is the “advance fee loan” scheme, where targets are enticed via social media ads and asked to pay upfront fees such as processing or registration charges before receiving nonexistent loans.

Ponco-Estares then warned that some lending apps appearing legitimate are in fact short-lived operations meant to exploit users. She said many victims seek assistance only after scammers begin harassing them, and formal investigations are often hampered when some victims become unavailable, making some cases lack enough information to solve these reports.

To protect the public, SEC-Davao shared that it issued multiple advisories and is working closely with local government units and police stations through existing anti-scam units.

The director also urged the public to verify the registration of any investment or lending platform through the official SEC website and to remain cautious of too-good-to-be-true offers online.

Regulators’ Move Against Unregistered Crypto Entities and Scams

On May 13, 2025, the Philippine National Police (PNP)-Anti-Cybercrime Group (ACG), in coordination with the SEC, arrested five individuals in Pangasinan for allegedly running an unregistered cryptocurrency investment scheme through an entrapment operation.

Also in the same month, a Cebu-based call center posing as a crypto investment firm was exposed for running an international scam using AI and fake $BTC trading, after a hacker infiltrated its systems and revealed evidence via CCTV, prompting a government investigation and temporary shutdown of the operation.

Following the exposé, local law enforcement conducted a site inspection, issued a show cause order, and began securing a cyber warrant to examine abandoned computers while urging employees to come forward or face legal action.

In 2024, the Cybercrime Investigation and Coordinating Center (CICC) warned the public about a surge in crypto and dollar investment scams, urging investors to stay vigilant, avoid high-return promises, and verify offers with authorities.

Read BitPinas articles about protecting Bitcoin and other digital assets:

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ژوئن 27, 2025
Bitget Partners with UNICEF to Equip 300K Youth with Blockchain Skills in the Next 3 Years

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

Aiming to provide blockchain and digital skills education to 300,000 young people across eight countries by 2025, Bitget signed a three-year partnership agreement with the United Nations Children’s Fund (UNICEF) Luxembourg, the international cryptocurrency exchange and web3 company announced.

Consequently, Bitget pledged that its initiatives and campaigns, specifically Blockchain4Her and Bitget Academy, will support and expand the partnership’s goal.

Bitget x UNICEF: A Three-Year Blockchain Education Journey

As part of the initiative, Bitget marked its entry into the Game Changers Coalition (GCC), a program led by the UNICEF Office of Innovation that seeks to bridge the digital skills gap, particularly among adolescent girls in low and middle-income countries.

UNICEF’s Office of Innovation and the GCC will lead the program’s framework, aiming to equip 1.1 million girls with technology and blockchain skills by 2027. Accordingly, Bitget joined fellow coalition members, including the Global Video Game Coalition, Women in Games, and the Micron Foundation, in supporting this shared goal.

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The education campaign will engage youth, as well as parents, mentors, and teachers, across Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco, and South Africa. In addition, Bitget shared in a statement that there are plans to expand to an unnamed ninth country.

“This partnership reflects our shared belief that digital skills are a powerful driver of opportunity and inclusion… By collaborating with Bitget, we want to provide adolescents and young people with the tools, knowledge, and confidence to shape their own futures.”

Sandra Visscher, Executive Director, UNICEF Luxembourg

Bitget also shared that it plans to connect UNICEF with key players in the blockchain industry, including protocols and developers, who can participate in the initiative as mentors or contributors.

Blockchain4Her Supports: Blockchain Training to Young Girls

According to the media release, UNICEF chose Bitget for its strong focus on blockchain education and empowering girls and women.

It is because Bitget’s contribution to the partnership will be backed by its Blockchain4Her initiative, a $10 million program that supports women in web3 through funding, mentorship, and educational resources, according to the crypto exchange.

Technically, the Blockchain4Her program is exepceted supports UNICEF’s goals of boosting digital skills, confidence, and career readiness by utilizing the $10 million initiative to help expand UNICEF’s blockchain training through STEAM programs and support its mission to provide quality education and bridge the global digital divide, Bitget assured.

In a statement, the web3 company noted that its partnership with UNICEF is a key milestone in Blockchain4Her’s goal to promote financial independence and digital access among girls from a young age.

Bitget Academy Supports: UNICEF’s First Blockchain Learning Module

Bitget Academy will also collaborate with UNICEF to launch the agency’s first blockchain-focused learning module, available both online and in person. The curriculum will integrate video game creation as a tool for blockchain education and digital literacy.

“Emerging technologies should not be reserved for the privileged few—they must be introduced early and equitably.”

Gracy Chen, Chief Executive Officer, Bitget

Bitget Academy is the educational division of the crypto exchange, offering resources for all skill levels, as defined on its website. It provides beginner guides, trading tutorials, market insights, Learn2Earn programs, and security tips to help users understand crypto, blockchain, and trading strategies.

Recent Bitget News

Locally, Bitget partnered with crypto content creator Cryptita Plays to launch the “Young Learners’ Encyclopedia,” an illustrated book that simplifies blockchain concepts for children, starting in underserved areas in the Philippines.

Bitget also rebranded its non-custodial Bitget Wallet with a simpler interface and new features last month, following a 300% surge in users over the past year. The update is part of its global “Crypto for Everyone Movement,” which includes a $1 million campaign to promote broader crypto adoption. The revamped wallet now supports trading across 130+ blockchains, real-world payments, and tokenized assets, with a new “Simple Mode” for beginners.

This article is published on BitPinas: Bitget Partners with UNICEF to Equip 300K Youth with Blockchain Skills in the Next 3 Years

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ژوئن 27, 2025
YGG Pilipinas, DICT, TESDA, and LGU Champion Future-Ready Careers at MFW Caravan Bicol

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

The Metaverse Filipino Worker (MFW) Caravan, spearheaded by YGG Pilipinas, the community of crypto gaming protocol Yield Guild Games (YGG), continued its nationwide digital upskilling campaign with an announced successful Bicol leg held on Saturday, June 21, 2025, at the Legazpi City Convention Center, Albay.

MFW Caravan Bicol 2025

Organized in partnership with the Department of Information and Communications Technology (DICT), Technical Education and Skills Development Authority (TESDA), and local government units, the MFW Caravan Bicol highlighted community support and multi-sector collaboration.

Accordingly, the event was attended by regional leaders, including Legazpi City Mayor Atty. Alfredo A. Garbin Jr., TESDA Region V’s Joel Navarro, and Albay ICT Association President Rosemarie Quinto-Rey.

Also present were representatives from the Department of Trade and Industry, the Department of Social Welfare and Development, the ICT Industry Development Bureau, and the local government. Attendees also included startups such as SILI-DELI, Bicol’s first tech business incubator backed by a sectoral planning council within the Department of Science and Technology (DOST).

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In a video message, DICT Region V Director Rachel Ann Grabador reaffirmed the agency’s commitment to the MFW movement, calling it “a bold and forward-looking initiative” that aligns with the vision of a future-ready Philippines.

“Filipinos are not just ready for the future—we are ready to lead it with our creativity, adaptability, and strong digital presence.”

Rachel Ann Grabador, Director, Department of Information and Communications Technology-Region V

The event in Bicol featured hands-on workshops through YGG’s Metaversity platform, gaming tournaments, web3 demos, and panel discussions. Topics ranged from entry-level digital gigs and freelancing tips to the practical use of AI tools.

In a media release, YGG Pilinas shared that the event gathered over 1,300 attendees, including students, gamers, freelancers, and local professionals.

Participants came from regional schools such as Bicol University, Ateneo de Naga University, and UST-Legazpi, while local web3 groups like Bicol Blockchain Community, BiCoRSE Cohorts, and TAYO also lent support.

YGG added that tournaments for Mobile Legends and Beyblade attracted hundreds of competitors, and live demos for web3 games like Parallel TCG, Boxing Star X, Vibes TCG, and Anichess drew engagement.

What is MFW Caravan?

The MFW Caravan, formerly known as the YGG Pilipinas Roadtrip, is a four-month traveling roadshow aiming to bring digital skills training and career-building resources to Filipinos across key regions.

It is backed by major partners including Ayala Malls, G!G, Coins.ph, Converge, and Parallel TCG.

For this year, the caravan kicked off in Davao City on April 5 and is set to continue its journey with the next stop in Palawan on July 25.

This article is published on BitPinas: YGG Pilipinas, DICT, TESDA, and LGU Champion Future-Ready Careers at MFW Caravan Bicol

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ژوئن 27, 2025
Webcast: Crypto Amid Chaos: Finding Opportunity in Geopolitical Uncertainty
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

In times of conflict, markets react — but what does that mean for Bitcoin and crypto investors?

Join us this Tuesday at 8:00 PM as we welcome back Joseph Lejarde, a Certified Financial Analyst and Licensed Securities Analyst, for another timely discussion on the impact of rising geopolitical tensions on crypto markets.

Watch the webcast below or on Facebook:

We’ll unpack:
- How geopolitical risks influence investor sentiment in crypto
- Why Bitcoin is often viewed as both a risk asset and a hedge
- What indicators matter when the world is on edge
- Most importantly: Where are the opportunities in the middle of the noise?
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Whether you’re a cautious trader or a long-term believer, this session is designed to help you understand the bigger picture — and where you can position yourself amid uncertainty.

📍 Live on the BitPinas Facebook Page
📅 June 24, 2025 (Tuesday)
🕗 8:00 PM (PH Time)

This article is published on BitPinas: Webcast: Crypto Amid Chaos: Finding Opportunity in Geopolitical Uncertainty

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ژوئن 26, 2025
Crypto PH News Recap: June 16 to 22, 2025

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

From old posts still violating SEC CASP rules to DynaQuest rebranding to DynaQuestAI, here are some of the crypto news from the Philippines.

Today, we curated some of the news from crypto and blockchain organizations in the Philippines from last week, June 16 to 22, 2025.

Expert: Old Crypto Posts Could Still Violate CASP Rules

Crypto content creators in the Philippines may need to revisit and possibly delete past posts promoting digital assets, even if they were published before the Securities and Exchange Commission (SEC)’s new rules take effect in July.

This was according to Atty. Rafael Padilla, who emphasized that under the new Crypto Asset Service Providers (CASP) regulations, undeleted posts could be considered “continuing violations” if they promote unregistered platforms or crypto assets.

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He explained that while the rules are not retroactive, content that remains publicly accessible and falls within the scope could still be penalized.

Padilla also warned of a chilling effect on crypto education and discourse, raising constitutional concerns about freedom of expression.

Lastly, the crypto lawyer noted that livestreams and educational content could still be deemed promotional under the broad definition of marketing.

Webcast: The Future of Crypto Exchanges in the Philippines

The BitPinas Webcast hosted the discussion titled “The Future of Crypto Exchanges in the Philippines” on June 17, 2025, highlighting the evolving landscape for both local and global crypto platforms under the country’s new regulatory regime.

The discussion focused on the SEC’s recently implemented CASP rules, which impose stricter compliance, licensing, and marketing requirements on exchanges operating in the Philippines.

Panelists tackled key issues such as the challenges local exchanges now face, the potential barriers for international platforms entering the market, and what users prioritize, including features, fees, and protections.

The webcast also explored potential industry trajectories and how the Filipino crypto community can actively shape the ecosystem amid growing calls for both regulatory clarity and innovation.

DOF: PH to Adopt Crypto Tax Framework

The Philippines will adopt the international Crypto-Asset Reporting Framework (CARF) by 2028 to bolster its efforts against tax evasion and illicit financial activities, according to the Department of Finance (DOF).

CARF is expected to enable automatic exchange of crypto-related information among tax authorities globally, ensuring better enforcement and tax compliance.

DOF Secretary Ralph Recto emphasized the urgency of stronger systems as digital assets grow in popularity, noting that Filipinos have already invested an estimated ₱6 trillion in crypto.

The announcement was made during the 8th Asia Initiative Meeting in the Maldives, where the Philippines joined 67 other jurisdictions committed to implementing CARF.

Binance Job Posts

Binance denied that it is actively hiring in the Philippines, despite 92 job listings on LinkedIn tagged with “Metro Manila,” sparking confusion within the local crypto community.

The roles, ranging from operations and compliance to marketing, appear as either “remote” or “hybrid,” with some updated in recent weeks.

A Binance spokesperson clarified that the listings likely reflect LinkedIn’s geo-targeting for remote jobs and that the company is not currently recruiting in Manila.

As of June 20, 2025, the job listings are no longer visible.

SparkPoint Attends SuperAI Singapore 2025

Bicol-born web3 firm SparkPoint attended SuperAI Singapore 2025, with CEO Ismael Jerusalem representing the team among 7,000 attendees and over 1,000 global AI companies.

The event, held at Marina Bay Sands, brought together leading voices in artificial intelligence, including Edward Snowden, Balaji Srinivasan, and firms like Unitree Robotics and Zhipu AI.

SparkPoint shared that it explored cutting-edge AI advancements at the conference to enhance its web3 offerings and expand innovation at the intersection of crypto and artificial intelligence.

Alpha PH Rebrands to APH Web3

Local web3 community known as Alpha PH has officially rebranded to WEB3 APAC Private Hub (APH WEB3).

Positioning itself as a private, purpose-driven network, APH WEB3 said it aims to unite traders, gamers, builders, creators, and web3 talents across Asia Pacific, ushering in a “new era” of regional collaboration and growth in the decentralized space.

Web3 Bulacan Member’s Group Wins 3rd Place at PBW iThink Hackathon

Web3 project SKILLMINT won third place at the iThink Hackathon 2025, held during the Philippine Blockchain Week in partnership with Internet Computer Protocol Manila.

The team, including Web3 Bulacan member Murvile, was selected out of 50 participants nationwide.

SKILLMINT presented a web3 platform aimed at helping ICT students earn blockchain-verified skill credentials through events, token rewards, and community engagement.

DynaQuest Rebrands to DynaQuestAI

Marking a strategic shift from traditional business process outsourcing to artificial intelligence solutions, DynaQuest Technology Services Inc. has rebranded to DynaQuest AI.

The company now focuses on delivering AI-powered front desk services tailored for solo professionals and small practices in healthcare, legal, and financial sectors, it shared.

DynaQuest AI is also claiming to offer intelligent virtual agents that handle appointment scheduling, inquiries, cancellations, and workflow integration.

Specialized solutions include branded services such as DentalQuest AI, MediQuest AI, LegalQuest AI, and more, aiming to support small offices with 24/7, cost-effective front desk support without the need to hire additional staff.

This article is published on BitPinas: Crypto PH News Recap: June 16 to 22, 2025

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ژوئن 26, 2025
Delabs Games Unveils New Web3 Idle RPG ‘Ragnarok Libre’ with Player-Driven Economy
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

South Korean blockchain game developer Delabs Games announced Ragnarok Libre, a new web3 idle role-playing game (RPG) built on the popular Ragnarok Online IP, with plans to launch in the third quarter of 2025.

Ragnarok Libre Website Launches

In a recent announcement, Delabs Games launched the official website for Ragnarok Libre.

Ragnarok Libre is noted to be a “next-generation” idle RPG set in the Ragnarok Online universe, combining familiar fantasy elements with blockchain-enabled, player-driven economies.

The game will feature a player-driven economy, allowing users to freely trade in-game items and “Zeny,” the franchise’s native currency, which will be convertible to $DELABS tokens once the marketplace is live.

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The game will be accessible directly in the Telegram mini-app ecosystem, requiring no separate installation. Currently, players can pre-register.

Additional features include PvP battles, Guild Wars, a cooperative mode called Central Lab, and an automated character progression system called “Sharevice”.

Delabs Games noted that the game’s release is expected to draw attention from both blockchain gaming enthusiasts and longtime fans of the Ragnarok franchise.

In November 2024, the game developer previously announced plans to launch a Ragnarok game on the Telegram Mini-Apps Ecosystem in Q1 2025, with speculation pointing to a reboot of Ragnarok Labyrinth.

How to Play Ragnarok Libre: What We Know So Far

Players begin their journey as a “Novice” and can advance into one of four main base classes. From there, they have the opportunity to unlock up to 24 different job advancements as their character evolves.

The base classes are
- Lord Knight: High-defense tank with melee combat dominance.
- Professor: Magic-wielding mage with devastating spells.
- Assassin Cross: Agile melee class focused on speed and lethal strikes.
- Sniper: Long-range damage dealer with high precision.
Character Class
- Job Advancement: Progression includes multiple tiers—advance jobs by leveling up and fulfilling requirements in-game.
Evolving Hero
- Earn experience and Zeny through passive/active gameplay.
- Unlock job changes and new skills with each advancement.
- Craft powerful gear and upgrade equipment to dominate higher-level content.
Game Economy
- Earn Zeny by:
  
  Field hunting (idle combat)
  
  Completing quests
  
  Entering Zeny Dungeons
- Spend or Trade Zeny on:
  
  Crafting or upgrading equipment
  
  Trading with other players in the Zeny Marketplace
  
  Convert Zeny to $DELABS (Web3 integration, launching soon)
What is Shaverice?
- Sharevice lets players share characters with others.
- Split the rewards as others use your hero—ideal for maximizing efficiency.
- Continue progressing and earning while away.
Ragnarok IP in Web3

The Ragnarok Online IP has made several forays into the web3 space in recent years.

In 2023, Ragnarok Landverse launched, combining MMORPG gameplay with features such as NFT ownership, token trading through DEX, and play-to-earn systems.

Earlier in 2022, Gravity collaborated with The Sandbox to bring Ragnarok into the metaverse.

Most recently, Ragnarok: Monster World debuted on the Ronin network, drawing thousands of players during its closed beta. However, in May 2025, Sky Mavis terminated its partnership with the game’s developer, 0x&, over allegations of a secret deal with another blockchain, citing a serious breach of trust. While 0x& denied the accusations and pledged to continue operations on Ronin, Sky Mavis revoked the game’s support and removed its verification badge.

What is Ragnarok?

Ragnarok Online is a pioneering MMORPG that debuted in South Korea in 2002 and launched in the Philippines in 2003 through Level Up! Games.

It quickly became a cultural phenomenon, reaching over 57,000 concurrent users and nearly 10 million accounts in the early 2000s. After years of popularity, the Philippine servers closed in 2015, but the game was relaunched in 2017 during the Ragnarok Festival.

Over the years, various versions and servers have come and gone, including Ragnarok Online Ascendance in 2022, which offered gameplay closer to the Korean original.

This article is published on BitPinas: Lawyer Urges SEC: DeFi Projects Should be Exempted from CASP Rules

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ژوئن 26, 2025
Lawyer Urges SEC: DeFi Projects Should be Exempted from CASP Rules

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

Atty. Rafael Padilla, the author of the book “Crypto and the Law,” urged the Philippine Securities and Exchange Commission (PH SEC) to exempt decentralized finance (DeFi) protocols and non-custodial wallets from its newly released Crypto Asset Service Provider (CASP) rules.

Padilla on Why DeFi and Non-Custodial Wallets Should be Exempted

Speaking during the June 11, 2025, edition of the BitPinas Webcast titled “SEC Final Crypto Rules: What #CryptoPH Needs to Know,” Padilla emphasized that decentralized systems, especially those that are “sufficiently decentralized in substance,” should not fall under the CASP regulatory framework.

For the crypto lawyer, it is important to push for clearer regulatory exemptions for DeFi systems and wallets, particularly those that do not involve fund custody or intermediaries. He argued that if a platform is genuinely decentralized, it should fall outside the scope of the PH SEC’s CASP rules.

Padilla pointed out that the way crypto content is presented, such as through product placements, could potentially be considered as touting, depending on its tone and visibility. However, he noted that promotional material centered purely on decentralized tools, like non-custodial wallets, might not attract the same level of regulatory concern.

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He also acknowledged that the current rules may be interpreted broadly but stressed the importance of proper implementation and enforcement.

“Despite how the CASP rules are currently worded, I hope that in terms of enforcement, the SEC will realize this should only apply to crypto asset securities.”

Atty. Rafael Padilla

Accordingly, Padilla cited a key precedent from the U.S. involving the case of the U.S. SEC vs. Coinbase. In that case, the U.S. Court of Appeals ruled that Coinbase’s decentralized wallet does not constitute securities brokering and therefore does not require broker registration.

He pointed to this case as a legal basis for excluding decentralized tools from regulatory requirements.

Lastly, Padilla also urged the #CryptoPH community to be involved in calling out the PH SEC to exempt DeFi projects.

“As a community, as an ecosystem, we have to advocate that the decentralized ecosystem should be carved out from this regulation. They should not be treated as CASPs.”

Atty. Rafael Padilla

U.S. SEC as Reference

Padilla also observed a contrast between how the U.S. SEC and the PH SEC interpret similar crypto regulations. Despite having nearly identical regulatory standards, he noted that differences in enforcement and interpretation have emerged, possibly influenced by changes in leadership and administrative direction.

The crypto lawyer then emphasized that enforcement of the CASP rules in the Philippines should focus specifically on crypto asset securities. He encouraged local regulators to consider both international policy approaches and court rulings, particularly those from the U.S. SEC and judiciary, which increasingly distinguish decentralized systems from custodial service providers.

“In the Philippines, we do not yet have court rulings on these matters, no decisions from the Court of Appeals or the Supreme Court… But in the U.S., even lower court rulings are publicly reported, and some cases have reached the Court of Appeals.”

Atty. Rafael Padilla

Padilla cited the growing legal consensus in the U.S., supported by SEC Commissioners like Hester Peirce, Mark Uyeda, and Chairman Paul Atkins, which holds that crypto assets, in and of themselves, are not securities. This evolving interpretation, he said, should serve as a reference for Philippine regulators moving forward.

What is with the SEC CASP Rules?

Under Memorandum Circulars No. 4 and 5, the regulations require CASPs to register as stock corporations, obtain a special license, maintain a physical office, and follow strict marketing, disclosure, and anti-money laundering requirements.

Marketing through influencers, events, or social media is also strictly regulated under the new rules, with violations potentially resulting in fines or the revocation of licenses.

In line with this, Atty. Padilla cautioned that previously published crypto-related social media posts could still breach the SEC’s CASP regulations if they remain publicly viewable, as they may be considered “continuing violations.”

Check out BitPinas webcasts and articles about the SEC CASP Rules:

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ژوئن 26, 2025
You Can Now Use Bitget Wallet to Pay with Crypto via QR Ph
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

Bitget Wallet, a decentralized multi-chain crypto wallet developed by international crypto exchange Bitget, now supports national QR code payments in Vietnam and the Philippines.

This means that Filipino users can now scan QR Ph codes to pay for goods and services using stablecoins like $USDT and $USDC across multiple blockchains, including Ethereum, TRON, Solana, Base, TON, and BNB Chain.

Moreover, as part of the launch, users who use the feature at partner merchants will receive a 50% cashback on their first transaction until July 30, 2025, as announced by Bitget.

Game Changer? Crypto as Payment at Bitget Wallet

In a statement, Bitget shared the integration is part of its broader PayFi initiative aimed at bridging web3 technologies with real-world use cases. It is the first self-custody solution to enable QR-based crypto payments using national systems in both countries.

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In the Philippines, the crypto exchange clarified that purchases can be made at retail shops, restaurants, cafes, and food stalls, wherever QR Ph is accepted as a mode of payment.

It is because Bitget Wallet’s scan-to-pay function can automatically detect whether a QR code is blockchain-based, like Solana Pay; or a national QR, like QR Ph; and then process the transaction accordingly.
- Crypto balances are used directly for payment in this feature.
Moreover, the team behind Bitget Wallet expressed that by enabling direct stablecoin payments via QR Ph, the feature eliminates the need for peer-to-peer conversions for small-value transactions and offers a faster, more seamless experience for crypto users.

However, as of this writing, token conversion and gas-free payments are not yet active.

“We’re helping crypto become something people actually use—to eat, shop, travel, and live.”

Bitget Wallet

How to Pay via QR Ph at Bitget Wallet

Users need to scan a QR code from a local merchant, input the payment amount, and complete the transaction through the Bitget Wallet app.
- Open Bitget Wallet and tap the scan icon.
- Scan a QR Ph code.
- Enter the payment amount.
- Confirm the transaction.
- Receive cashback in $USDT to the same wallet (for the first transaction).
Promo: 50% Cashback at First Transaction

When a user uses the feature on Bitget Wallet for the first time, they will enjoy a 50% cashback of up to 2 $USDT. This is according to the announcement of Bitget.

Here are other reminders about the promo:
- Cashback is credited within 1 business day.
- Abuse or fraud leads to disqualification.
“We’re giving 50% cashback on your first crypto payment made via national QR codes in Vietnam or the Philippines.”

Bitget Wallet

Bitget in PH

Recently, Bitget Wallet highlighted its growing presence in Southeast Asia during Philippines Blockchain Week held at the SMX Convention Center Manila from June 10 to 11.

Will Wu, Head of Growth at Bitget Wallet, joined a panel on “Secrets of the Big Global Exchanges,” sharing insights on user trust and platform growth. At its booth, Bitget Wallet showcased its integration of Solana Pay and national QR code payments, reinforcing its push for accessible crypto transactions.

Bitget also partnered with crypto educator Cryptita Plays to launch the Young Learners’ Encyclopedia, an illustrated book that simplifies blockchain concepts for children in underserved areas of the Philippines.

Other Bitget News

Bitget Wallet was rebranded last month with a simpler interface and new features as part of its global “Crypto for Everyone Movement” and $1 million campaign to boost adoption, now supporting 130+ blockchains, real-world payments, tokenized assets, and a beginner-friendly “Simple Mode.”

This article is published on BitPinas: You Can Now Use Bitget Wallet to Pay with Crypto via QR Ph

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ژوئن 26, 2025
CMEPA: How the New Capital Markets Law Will Lower Taxes and Boost Investments

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

President Ferdinand Marcos Jr. has signed into law Republic Act No. 12214, or the Capital Markets Efficiency Promotion Act (CMEPA), a landmark measure aimed at reducing friction costs, streamlining tax structures, and strengthening investor confidence in the Philippine capital markets.

President Ferdinand Marcos Jr. delivering his speech after signing RA 12214.
Photo from Presidential Communications Office

What is Capital Markets Efficiency Promotion Act?

Signed on May 29, 2025, and set to take effect on July 1, 2025, the law is seen as a direct response to the country’s long-standing issues of low market participation and complex tax regimes.

According to the official document, CMEPA is a law that aims to modernize and simplify the Philippine tax system to enhance capital market development.

It does this by standardizing the taxation of passive income, reducing transaction costs such as the stock transaction tax and documentary stamp tax, and aligning tax treatment with regional norms. The law supports financial inclusion and economic growth by making investing more accessible and attractive.

Lawyer’s Review on CMEPA

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An analysis written by Atty. Abimelech Rigodon, a tax and capital markets lawyer and an associate at the Siguion Reyna Montecillo and Ongsiako Law Offices, provided insight into how the CMEPA is expected to impact investors, institutions, and the broader financial system.

According to Rigodon, there are currently only 10% of Filipino adults that hold investment products, partly due to high friction costs and a confusing tax system.

“While high trading volumes are generally attractive to potential investors, their appeal diminishes when friction costs are high. The existing tax structure in the Philippines poses a considerable obstacle to the development of its capital markets. For instance, the stock transaction tax (STT) is imposed at 0.6% of the gross selling price—significantly higher than the 0.1% levied in Indonesia and Malaysia, and the nil rate in Singapore and Vietnam.”

Atty. Abimelech Rigodon, Tax and Capital Markets Lawyer

Conversely, he stated that CMEPA addresses these barriers by aligning passive income tax rates with regional standards, simplifying tax structures, and lowering transaction costs, with the goal of boosting domestic investor confidence and enhancing the competitiveness of the Philippine capital market.

Key Provisions of CMEPA

Simplified Interest Income Taxation

All interest income from bank deposits, trust funds, and similar instruments will now be subject to a uniform 20% final tax, replacing a fragmented system that ranged from full exemptions to various preferential rates.

Stock Transaction Tax (STT) Reduction

To promote trading activity, the STT on listed shares has been cut from 0.6% to 0.1%, applicable to both domestic and foreign stock exchanges. This places the Philippines on par with countries like Indonesia and Malaysia and closer to Singapore and Vietnam, which does not impose STT.

Capital Gains Tax Alignment:

The law imposes a 15% final capital gains tax on the sale of both domestic and foreign unlisted shares. Previously, foreign shares were subject to higher rates depending on the taxpayer’s classification, reaching up to 35% for individuals.

Lowered Documentary Stamp Tax (DST)

CMEPA reduces DST on the original issuance of shares from 1% to 0.75%, and exempts mutual fund shares and UITF units from DST entirely—moves expected to encourage equity financing and small-investor participation in pooled investment vehicles.

PERA Incentives

Employers contributing to employees’ Personal Equity and Retirement Account (PERA) can claim a 50% additional deduction on top of the allowed contribution, capped at ₱100,000 annually. The measure is seen as a bid to stimulate long-term retirement savings.

Recto Backs Capital Market Law

In a media release from Department of Finance (DOF), Secretary Ralph Recto welcomed the enactment of CMEPA, calling it a landmark reform that will make investing more accessible for ordinary Filipinos and support inclusive economic growth.

Finance Secretary Ralph Recto.
Photo from Philippine News Agency

According to the finance department, CMEPA is expected to generate over ₱25 billion in revenue from 2025 to 2030 and help reduce the country’s fiscal deficit to 3.8% of GDP by 2028 under the Medium-Term Fiscal Framework.

“This is a major victory for the country, as inclusive access to investment opportunities and a broader, deeper financial system are vital pillars of long-term, inclusive growth. Bukod dito, ang buwis na malilikom ay gagamitin upang pondohan ang ating mga priority projects sa imprastraktura, kalusugan, edukasyon, agrikultura, at iba pang pampublikong serbisyo.”

Ralph Recto, Secretary, Department of Finance

In addition, Special Assistant to the President for Investment and Economic Affairs Frederick Go said the new law signals to global investors that the Philippines is serious about building deeper and more efficient capital markets.

“The passage of CMEPA sends a clear message to both domestic and global investors that the Philippines is committed to building deeper, more efficient capital markets. This reform is expected to boost and strengthen liquidity, trading activity, capital formation, and contribute to broader economic growth.”

Frederick Go, Special Assistant to the President for Investment and Economic Affairs

This article is published on BitPinas: CMEPA: How the New Capital Markets Law Will Lower Taxes and Boost Investments

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ژوئن 26, 2025