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Explained: The Major Banking Categories in the Philippines and Why They Matter

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Not all banks in the Philippines play by the same rules. The Bangko Sentral ng Pilipinas (BSP) doesn’t believe in a one-size-fits-all approach. Instead, it issues distinct types of banking licenses, carefully calibrating each to…

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BPI Pilots Stablecoin Settlement for Cross-Border Payments

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. The Bank of the Philippine Islands (BPI) has partnered with global digital clearinghouse Meridian to pilot a stablecoin-based settlement system for cross-border payments, the bank announced Thursday. The trial will initially handle inbound payroll credits…

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Goldman Sachs CEO Backs CLARITY Act as Senate Divides Over Crypto Bill

Key Takeaways Goldman Sachs CEO David Solomon said the CLARITY Act would provide market stability and encourage regulated financial institutions to enter digital asset markets. Banking groups warn that stablecoin rewards could drain deposits from traditional banks and restrict lending. The latest Senate draft faces opposition over its stablecoin provisions and safeguards governing federal officials’…

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After Binance and Bybit, OKX App Removed From Google Play in the Philippines

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. The primary mobile app for international cryptocurrency exchange OKX is no longer available for download on Google Play Store in the Philippines. A search for “OKX” on the platform currently displays results for the local…

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Ripple Mint Launches to Expand Institutional Access to RLUSD Stablecoin

Key Takeaways Ripple Mint gives institutions web-based and programmatic access to RLUSD. New APIs, webhooks and reference IDs support automated stablecoin operations. RLUSD is expanding across additional blockchain networks to reach more financial applications. Ripple Targets Institutional Stablecoin Operations Institutional access to the Ripple USD (RLUSD) stablecoin expanded on July 23 when Ripple launched Ripple…

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