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BSP Imposes ₱1B Capital Requirement on Local Banks Operating Digital Models

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. The Bangko Sentral ng Pilipinas has required thrift, rural and cooperative banks operating digital banking models to meet a ₱1 billion minimum capital floor and adhere to stricter risk management rules. Under Circular No. 1240,…

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Ripple’s RLUSD Targets $13 Trillion Corporate Treasury Market

Ripple is looking to corporate treasury operations as a major growth channel for its RLUSD stablecoin, targeting a network of companies that collectively handle roughly $13 trillion in transactions each year. Jack McDonald, Ripple’s senior vice president of stablecoins, told CoinDesk that the opportunity is closely tied to Ripple Treasury, the company’s corporate treasury-management business…

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