Central Banks

Central Bank of Pakistan puts prohibition on Bitcoin & Virtual Currencies.

The central bank of Pakistan, i.e. State Bank of Pakistan, ended months of neutral stance by formally issuing a notice on Bitcoin &/or Virtual Currencies. In a Banking Policy & Regulations Department (BPRD) Circular # 3 of 2018, State Bank of Pakistan has officially put a Prohibition of Dealing in Virtual Currencies/Tokens. It also confirms …

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The Philippines Has Decided to Regulate Bitcoin Exchanges as Remittance Companies – Cryptonight

I’ve always maintained a stance that unregulated money days are never going to be months (read: Bitcoin Remittance Transfers: What Central Banks look for in Remittances?). They will be the short equivalent of weeks. Bitcoin is no exception. Recently one of the darling countries with regards to Bitcoin, Philippines, has decided to regulate bitcoins. Our good …

The Philippines Has Decided to Regulate Bitcoin Exchanges as Remittance Companies – Cryptonight Read More »

Foreign banks cut remittance tie-ups – The Standard

Interesting development taking place for Philippines. Considered to be one of the safest countries to send money, now no more. Banks are severing their tie-ups with Philippines based banks – citing the risk that was associated with doing business in Philippines due to the recent central bank heist where US$ 81 Million was siphoned away …

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Company in focus: Huge cyber heist via RCBC rocks Philippines banking- Nikkei Asian Review

Philippines Banking System In Trouble If you’re wondering why suddenly MSBs in the US and UK are wary of Philippines, it is because of what happened in Bangladesh. The US$ 81 Million that was stolen in a cyber heist is being traced back to the Philippines banking system and investigators are uncovering more collusion with …

Company in focus: Huge cyber heist via RCBC rocks Philippines banking- Nikkei Asian Review Read More »

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