ارزدیجیتال

برچسب: UnionBank

  • Webcast: Crypto News Recap | Worldcoin in Manila, UnionBank News, New Crypto Draft Rules from SEC

    Webcast: Crypto News Recap | Worldcoin in Manila, UnionBank News, New Crypto Draft Rules from SEC


    Topic on April 15, 2025:

    1. Worldcoin is scanning irises in Manila, is there anythig to be concerned about? What’s next
    2. UnionBank quietly rolls out crypto feature to select users. Will Pinoys use a crypto app inside their mobile banking apps?
    3. FRESH: SEC revises new rules for crypto services providers. Will this compel crypto platforms to register?

    Our guests this webcast:

    1. Eli Rabadon (DVCode, ICP Hub, Blockchain Council)
    2. Jopet Arias (Crypto Art PH, TLYR Collective)

    You can watch the webcast here:

    BitPinas Webcast: Crypto News Recap + 100K Followers Celebration

    —–

    The BitPinas Webcast is a weekly livestream series produced by BitPinas, the longest standing crypto publication in the Philippines. It serves as a platform for in-depth conversations with key figures in the local and global crypto space, such as founders, executives, developers, and community leaders.

    Advertisement

    PDAX Banner

    What it covers:

    • Project Spotlights
    • Local Ecosystem Updates (e.g., regulation, adoption, use cases in PH)
    • Educational Topics (e.g., how crypto works, investment strategies)
    • Timely Discussions (e.g., crypto cycles, tokenization, compliance)

    Format:

    • Livestreamed on Facebook and other social media channels
    • Viewers can comment live, with some sessions including AMAs and giveaways

    The webcast helps demystify crypto for Filipinos, supports community education, and provides first-hand access to industry movers.

    About BitPinas:

    BitPinas is the Philippines’ longest standing crypto news website that portrays the most accurate coverage and representation of crypto, blockchain, and web3 news and updates in the country since 2017.

    The BitPinas Webcast is a weekly livestream series produced by BitPinas, the longest standing crypto publication in the Philippines.

    This article is published on BitPinas: Webcast: Crypto News Recap | Worldcoin in Manila, UnionBank News, New Crypto Draft Rules from SEC

    What else is happening in Crypto Philippines and beyond?



    Source link

  • Scoop: Is Crypto Finally Coming to the UnionBank App?

    Scoop: Is Crypto Finally Coming to the UnionBank App?


    Some users now see a “Buy/Sell Crypto” option — but access is limited and gated by a strict assessment.

    UnionBank of the Philippines appears to have quietly begun rolling out a crypto trading onboarding process within its mobile banking app.

    • The new feature, labeled “Buy/Sell Crypto,” has appeared for select users.
    • The feature is integrated into the bank’s primary interface and marks one of the most significant moves by a Philippine universal bank into the virtual asset space:
    Photo for the Article - Scoop: Is Crypto Finally Coming to the UnionBank App?

    Labeled “Buy/Sell Crypto,” the feature appears alongside standard banking services such as bills payment and foreign exchange.

    • Users who attempt to access it are required to complete a Client Suitability Assessment — a multi-step questionnaire that evaluates their financial goals, investment experience, and risk appetite.
    Photo for the Article - Scoop: Is Crypto Finally Coming to the UnionBank App?

    Screenshots of the onboarding process show that users must answer questions related to their knowledge of virtual assets, trading volume expectations, and potential legal or regulatory constraints.

    Photo for the Article - Scoop: Is Crypto Finally Coming to the UnionBank App?

    If a user’s responses do not meet the platform’s internal suitability criteria, they are informed that crypto trading is not currently available to them. The app allows for a reassessment after a six-month period:

    Photo for the Article - Scoop: Is Crypto Finally Coming to the UnionBank App?

    Advertisement

    PDAX Banner

    The app allows for a reassessment after a six-month period.

    The initiative follows UnionBank’s approval in September 2023 as a fully licensed Virtual Asset Service Provider (VASP) by the Bangko Sentral ng Pilipinas (BSP). This license allows the bank to operate as a virtual asset exchange and offer custodial services for cryptocurrencies. (Read more: List of Licensed Virtual Currency Exchanges in the Philippines)

    The crypto trading interface promises a “safe and worry-free experience,” with the bank stating that the platform operates with no added fees and full regulatory oversight. However, access remains limited, and as of this writing, UnionBank has not issued a formal announcement regarding the broader availability of the service.

    UnionBank has previously led several blockchain initiatives in the country.

    • In 2019, it launched the Philippines’ first crypto ATM and piloted its own stablecoin, PHX, to streamline remittances and interbank transfers.
    • The bank also partnered with Swiss firm METACO to test crypto custody and trading functionality for a limited group of users.

    This article is published on BitPinas: Is Crypto Finally Coming to the UnionBank App?

    What else is happening in Crypto Philippines and beyond?



    Source link