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      "body": "Congratulations @cryptopilipinas! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cryptopilipinas/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cryptopilipinas) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cryptopilipinas)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "parent_permlink": "ico",
      "author": "cryptopilipinas",
      "permlink": "philippine-crypto-community-embraces-ico-draft-rules",
      "title": "Philippine Crypto Community Embraces ICO Draft Rules",
      "body": "![Philippine Crypto Community Embraces ICO Draft Rules2.jpeg](https://cdn.steemitimages.com/DQmXyfvbmjRXqzqTkPsJe94wSyNvmnCmUqhRtmuToVgxeBG/Philippine%20Crypto%20Community%20Embraces%20ICO%20Draft%20Rules2.jpeg)\nThis article was first published on [My Link](https://cryptopilipinas.com/philippine-crypto-community-embraces-ico-draft-rules/)\n\nThe Philippine crypto community has cheered the newly revealed draft rules on Initial Coin Offerings (ICOs) in the country.\n\nDescribing the move as a major step forward for the local blockchain industry, stakeholders have welcomed the proposals made by the Philippines Securities and Exchanges Commission (SEC).\n\n“\n> I think it’s great that SEC is finally able to understand the different intricacies involved in an ICO not only for their own understanding but also to protect the consumer,” said the CEO of Botcoin and CypherOdin, Mariano Jose Diaz Villafuerte IV speaking to Cryptovest.\n\nPatrick Palacios, LoyalCoin CEO also expressed his excitement as one of the many stakeholders who welcome the proposal. He added that the world presently views the Philippines as a highly welcoming region for crypto and blockchain.\n\nIssued by the SEC on Thursday, the draft rules aim to regulate digital tokens trading, ICOs and cryptocurrencies at large.\n\n**New ICO Assessment Procedure**\n\nIf the draft passes into law, ICO assessments will take two stages, initial assessment and registration. During initial assessment, issuers will be required to prove that their tokens are not securities.\n\nThose that are deemed as securities will then be required to proceed to the registration stage to get appropriate approval.\n\nFollowing the release, the financial watchdog has requested all interested parties to submit their comments on the proposals by 31st August.\n\nAccording to the draft, the SEC explains that though the present registration process for IPOs refers to securities, they are not a perfect fit for ICOs. As such, the new rules are meant to govern security token issuance.\n\nOne reason for the positive response from the community is well summed up by Acudeen founder Jesus Gregorio B. Atencio III:\n\n“\n> I was very happy that the SEC finally came out with the rules… because right now legitimate ICOs are lumped together with less-than-legitimate ICOs.”",
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      "title": "Blockchain System to Boost Interest in Southern Philippines Island",
      "body": "![Blockchain System to Boost Interest in Southern Philippines Island.jpg](https://cdn.steemitimages.com/DQmUc48SgPHqEgsCsxv8Fu3vzUKSEaSfD7afxDZKp1sLnEU/Blockchain%20System%20to%20Boost%20Interest%20in%20Southern%20Philippines%20Island.jpg)\nThis article was first published on [my link](https://cryptopilipinas.com/blockchain-system-to-boost-interest-in-southern-philippines-island/)\n\nA Southern Philippines lawmaker has decided to make use of blockchain technology and digital currencies to transform the island of Mindanao into a fintech and tourism hub.\n\nOften considered to be a neglected region due to the Manila-friendly national policy, the island is set to be the first region in the country to be powered by blockchain and cryptocurrency technology.\n\nThe congressman of the first district of Zamboanga del Norte, Seth Fredrick “Bullet” Jalosjos, excitedly highlighted the high potential of Mindanao for technological innovation.\n\nSpeaking to Cryptovest he said:\n\n“\n> We are very hungry and very thirsty for something like this to come out of the most neglected islands of the Philippines. This will be a game changer in our country.”\n\n \n\nHe also expressed optimism with regards to boosting the region’s tourism through the use of tokenized payments.\n\nUnder a collaborative partnership with Noah Foundation, a charity organization powered by blockchain technology, the local government authorities in Northwest Mindanao have launched Organic Cosmena 2020.\n\nThis initiative is aimed at transforming the region’s agricultural production into organic production by the year 2020.\n\n**First-of-a-Kind**\n\nAmong its most outstanding highlights is the fact that the program is the first of its kind to connect the agricultural sector to the burgeoning fintech industry.\n\nUsing an app, the program will connect the region’s organic farmers directly to their consumers as well as to service and retail businesses.\n\nThe program’s infrastructure will incorporate production control, sales management and distribution control, all aimed at equipping farmers with the tools to digitize their business. It is set to be developed on the framework of the Noahcoin blockchain protocol.\n\nJalosjos also pointed out that Noahcoin would be utilized in numerous other projects currently under development by the foundation in the country.\n\n\n> “This will not only heighten the interest in the Philippines being at the cusp of blockchain technology and cryptocurrency but more importantly for us, this will boost interest in Mindanao,” he concluded.",
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      "author": "cryptopilipinas",
      "permlink": "blockchain-project-to-facilitate-philippines-river-clean-up",
      "title": "Blockchain Project to Facilitate Philippines River Clean-Up",
      "body": "![Blockchain Project to Facilitate Philippines River Clean-Up.jpg](https://cdn.steemitimages.com/DQmTHoowwaJ7kUZgDpvXvcKTT1tDcvGLAo7JqWdM8awD42J/Blockchain%20Project%20to%20Facilitate%20Philippines%20River%20Clean-Up.jpg)\nThis article was first published on [My link](https://cryptopilipinas.com/blockchain-project-to-facilitate-philippines-river-clean-up/)\n\nAn environmentalist group in the Philippines is planning to make use of blockchain technology to clean up local rivers and seas, beginning with the highly polluted Pasig River.\n\nIn a collaborative effort between the Pasig River Rehabilitation Council (PRRC) and environmentalists from South Africa and the Philippines, an ongoing initiative is looking to save Pasig River.\n\n27 kilometers in length, the river passes through capital city Manila and currently ranks as one of the most highly polluted rivers in the country. This is in fact the reason for the selection of this particular river, according to Mariano Jose Diaz Villafuerte, the CEO of BOTcoin and CypherOdin.\n\n\n> “We first came up with the idea of showcasing how blockchain technology can solve real-world problems and clean up the environment,” he said.\n\nHe went on to explain that although the initiative specifically targeted Boracay island, a tourist destination in central Philippines, the government shut down the island in April this year.\n\nBecause of this, the group then “\n> looked at the Pasig River instead as the next most important body of water in the country.”\n\nCypherOdin is seeking additional collaborations with other government bodies aside from the PRRC to bring the project to fruition.\n\n**Free Services from CypherOdin**\n\nVillafuerte said that his company would offer the government its services free of charge according to Cryptovest.\n\nHis company is planning to install underwater Internet of Things (IoT) devices to monitor key data points such as tide levels, water quality and other indicators. With these in place, they will be able to carry out real-time progress tracking.\n\nIn turn, the information they collect will assist in creating long term solutions to the garbage and plastics problems facing the river. Furthermore, CypherOdin will employ the use of drones to undertake microscopic level plastic mapping.\n\nA massive information campaign will complete the holistic approach, educating the public on the importance of environmental protection and proper garbage disposal.",
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      "author": "cryptopilipinas",
      "permlink": "crypto-valley-of-asia-taking-shape-in-the-philippines",
      "title": "Crypto Valley of Asia Taking Shape in the Philippines",
      "body": "![Crypto Valley of Asia Taking Shape in the Philippines.jpg](https://cdn.steemitimages.com/DQmdMhiUAfRearP1eHnXWvDb4mrLJMYFZzb9GX13jmRS16U/Crypto%20Valley%20of%20Asia%20Taking%20Shape%20in%20the%20Philippines.jpg)\nThis article was originally published on [My Link](https://cryptopilipinas.com/crypto-valley-of-asia-taking-shape-in-the-philippines/)\n\nThe Philippine government is working on the development of the Crypto Valley of Asia (CVA) together with a private developer known as the Northern Star Gaming and Resorts Inc.\n\nAs part of the government’s initiative to create a vibrant fintech economy and attract companies from all over the world to invest in the Philippines, the Cagayan Special Economic Zone and Freeport (CSEZFP) is looking forward to the creation of a new crypto hub.\n\nThe region of the CSEZFP is towards the North of the country in Luzon, with most of its provinces boasting one or two industrial parks. It features a transport hub with an airport, seaport and earmarked land on which industrial and commercial development will take place.\n\nKnown as the Crypto Valley of Asia, the estate is set to be developed by the Cagayan Economic Zone Authority (CEZA) together with Northern Star.\n\n**$100 Million Project**\n\nAccording to a report by Northern Star, there is already a gross investment commitment of US $100 million to be injected into the project over the next decade.\n\nThe idea behind CVA is to create an economic boom which will encourage more of the country’s citizens to pursue technology-related careers.\n\nAt the same time, the move is aimed at providing employment for third party businesses which will service the growing cryptocurrency and fintech sectors. These will include such business providers as those offering entrepreneurship training.\n\n“\n> CEZA welcomes the launch of the Crypto Valley of Asia as a critical infrastructure that will serve to attract more foreign investors and global fintech players to CEZA and the Philippines,” said CEZA chief Raul Lambino.\n\nHe added, “\n> The Philippines can become one of the major off-shoring destinations for Fintech and blockchain related work.”\n\nA 25-shop housing development in the CEZA cyberpark will be the main feature of the CVA, including living and co-working spaces as well as acceleration and incubation hubs and overseas virtual exchange back offices.",
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      "author": "cryptopilipinas",
      "permlink": "philippine-central-bank-sets-up-fintech-blockchain-unit",
      "title": "Philippine Central Bank Sets Up Fintech, Blockchain Unit",
      "body": "![Philippine Central Bank Sets Up Fintech, Blockchain Unit.jpg](https://cdn.steemitimages.com/DQmPDgYZRsNhcUXEaXqVccwrLeSar1XYxYc2hMWFTqLYjj8/Philippine%20Central%20Bank%20Sets%20Up%20Fintech,%20Blockchain%20Unit.jpg)\nThis article was first published on [My Link](http://https://cryptopilipinas.com/philippine-central-bank-sets-up-fintech-blockchain-unit/)\n\nThe Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has set up a new fintech and blockchain unit to monitor the burgeoning sector.\n\nNestor Espenilla Jr, the BSP governor announced the creation of this special unit at a recent conference.  It will be part of the bank’s National Retail Payment System (NPRS).\n\nThe chief of the central bank appointed Vicente de Villa III to serve as the Financial Technology Sub-Sector’s (FTSS) officer in charge. Falling under the Financial Supervision Sector, the FTSS will have the role of supervising blockchain and fintech companies.\n\n**A Boon for Digital Payments**\n\nAccording to the BSP, this move is a part of its concerted efforts to increase the use of digital payment frameworks across the country.\n\n“\n> An efficient retail payment system has the potential to transform the economy through the efficiency it brings to business transactions and the savings generated from a shift from paper-based to digital instruments,” said the BSP governor.\n\nOrganized by the Settlements and Payments Office of the BSP, the conference was aimed at increasing awareness of the need to ensure safety and integrity in the sector. This would only be made possible by the establishment of suitable innovative systems to facilitate efficient financial transaction processing.\n\nDe Villa III explained that the unit, which was set up a month ago, would be in charge of two sub-offices. One would be the Core Information Technology Specialist Group, and the other, a Payments and Settlements Oversight Department.\n\nHe highlighted the fact that though his office oversees banks, “\n> banks and technology nowadays have to come hand-in-hand.”\n\nIn addition to FTSS, a cybersecurity unit was also set up with the role of checking compliance in financial firms and protecting companies against breaches.\n\nEspenilla concluded by saying that the ultimate goal of the NPRS would be to boost transactions in retail electronic payments to at least 20% by 2020.",
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{
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      "author": "cryptopilipinas",
      "permlink": "interest-spikes-in-philippines-special-crypto-zone",
      "title": "Interest Spikes in Philippines Special Crypto Zone",
      "body": "![Interest Spikes in Philippines Special Crypto Zone.jpg](https://cdn.steemitimages.com/DQmdtHEvHbNJ2eNa3xhLwf9qgdfHhJoPuQzWV8E4P4n17y5/Interest%20Spikes%20in%20Philippines%20Special%20Crypto%20Zone.jpg)\nThis article was first published on [My Link](http://https://cryptopilipinas.com/interest-spikes-in-philippines-special-crypto-zone/)\nCEZA licenses for crypto business operations in the Cagayan special economic zone are in high demand, 17 of them are already paid and 19 are pending payment.\n\nWhile the rest of the world is being tough on cryptocurrencies, the Philippines is making strides to give the sector as much room to grow as it can within the special economic zone in Cagayan.\n\nIn many countries around the globe, regulators are trying their level best to govern the market within legal frameworks.\n\nAs a contrast to this restrictive approach, the Philippines has sought a way to regulate the emerging market effectively so as not to stifle growth. Through the creation of a region with less stringent restrictions on the crypto industry, the government achieves several benefits.\n\n**Benefits to the Philippine Crypto Industry**\n\nForemost, within a special economic zone, the government is better able to monitor the industry’s progress. This in turn makes it possible to acquire requisite knowledge before drafting new legislations for the space.\n\nNotably also, a free economic zone allows operators to explore and experiment business establishment and innovation models without any hindrance.\n\nAs such, these combined merits make it possible to create a flourishing crypto ecosystem without hurting the traditional economy and the country’s population.\n\nThe Cagayan Economic Zone Authority (CEZA), a Philippine government corporation is in charge of the special region. Since the inception of the project, the authority has registered significant interest from entrepreneurs in the industry.\n\nCompanies from all corners of the globe are flocking to the region looking to take advantage of the competitive rates and reasonable regulations.\n\nA CEZA insider in fact says that the level of interest has “\n> surpassed all our expectations”. At least 17 firms have made full payment for the license while 19 more are working on their payment. CEZA expects to make more than $68 million from license issuances alone.",
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{
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      "author": "cryptopilipinas",
      "permlink": "interest-spikes-in-philippines-special-crypto-zone",
      "title": "**Interest Spikes in Philippines Special Crypto Zone**",
      "body": "![Interest Spikes in Philippines Special Crypto Zone.jpg](https://cdn.steemitimages.com/DQmdtHEvHbNJ2eNa3xhLwf9qgdfHhJoPuQzWV8E4P4n17y5/Interest%20Spikes%20in%20Philippines%20Special%20Crypto%20Zone.jpg)\nThis article was first published on [My Link](http://https://cryptopilipinas.com/interest-spikes-in-philippines-special-crypto-zone/)\nCEZA licenses for crypto business operations in the Cagayan special economic zone are in high demand, 17 of them are already paid and 19 are pending payment.\n\nWhile the rest of the world is being tough on cryptocurrencies, the Philippines is making strides to give the sector as much room to grow as it can within the special economic zone in Cagayan.\n\nIn many countries around the globe, regulators are trying their level best to govern the market within legal frameworks.\n\nAs a contrast to this restrictive approach, the Philippines has sought a way to regulate the emerging market effectively so as not to stifle growth. Through the creation of a region with less stringent restrictions on the crypto industry, the government achieves several benefits.\n\n**Benefits to the Philippine Crypto Industry**\n\nForemost, within a special economic zone, the government is better able to monitor the industry’s progress. This in turn makes it possible to acquire requisite knowledge before drafting new legislations for the space.\n\nNotably also, a free economic zone allows operators to explore and experiment business establishment and innovation models without any hindrance.\n\nAs such, these combined merits make it possible to create a flourishing crypto ecosystem without hurting the traditional economy and the country’s population.\n\nThe Cagayan Economic Zone Authority (CEZA), a Philippine government corporation is in charge of the special region. Since the inception of the project, the authority has registered significant interest from entrepreneurs in the industry.\n\nCompanies from all corners of the globe are flocking to the region looking to take advantage of the competitive rates and reasonable regulations.\n\nA CEZA insider in fact says that the level of interest has “\n> surpassed all our expectations”. At least 17 firms have made full payment for the license while 19 more are working on their payment. CEZA expects to make more than $68 million from license issuances alone.",
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{
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      "parent_permlink": "crypto",
      "author": "cryptopilipinas",
      "permlink": "crypto-expert-calls-on-governments-globally-to-learn-from-the-philippines",
      "title": "Crypto Expert Calls on Governments Globally to Learn from the Philippines",
      "body": "![Crypto Expert Calls on Governments Globally to Learn from the Philippines2.jpg](https://cdn.steemitimages.com/DQmZQWLHU2hrFkMxyvRZ6NPBp63RjGR2yMiq6W8zZjYoX5H/Crypto%20Expert%20Calls%20on%20Governments%20Globally%20to%20Learn%20from%20the%20Philippines2.jpg)\n\nThis article was originally posted [here](http://https://cryptopilipinas.com/crypto-expert-calls-on-governments-globally-to-learn-from-the-philippines/)\n\nA cryptocurrency industry entrepreneur and investor is calling on governments around the world to emulate the example of the Philippines in regulating the sector.\n\nFounder and CEO of digital asset exchange LoyalCoin Patrick Palacios is also the brains behind Appsolutely, an app that offers a digital reward framework for multinational companies.\n\nHe explained that thanks to the Philippine government’s encouragement for the growth of blockchain technology, the country now boasts one of the fastest growing crypto economies globally.\n\nHighlighting a recent example of such positive moves, he pointed to the announcement by the Philippine Securities and Exchange Commission (SEC) that it would soon launch new policies to govern transactions in digital assets.\n\nUrging other countries to follow suit he said:\n\n“\n> This is a benchmark for the regulation of cryptocurrency. Beforehand, allowing certain kinds of behavior without regulation has put hundreds of thousands of investors at risk.”\n\n**Lower Risk Levels**\n\nUnder the new regulations, companies, businesses and individuals hoping to launch an Initial Coin Offering (ICO) in the Philippines will first have to get approval from the SEC.\n\nPalacios commented on the fact that without such regulations in place, investors would not have much of a chance to recover their losses when they fall victim to ICO exit scams.\n\nBut following the implementation of the new rules, there will be real legal consequences in place to deter malicious actors and allow victims to fight back in case of fraud.\n\n\n> “Now I would urge other countries and regulators to follow suit, and make regulation a truly global thing. South East Asian markets in particular should be following the Philippine model,” he recommended.\n\nHe said that having regulations to govern the global market would encourage more people to start taking the crypto sector more seriously.\n\nHis startup holds one of the first Philippine cryptocurrencies following a successful token generation event that ended in February.",
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      "author": "cryptopilipinas",
      "permlink": "smartmatic-philippines-considering-blockchain-use-in-upcoming-elections",
      "title": "Smartmatic Philippines Considering Blockchain Use in Upcoming Elections",
      "body": "![Smartmatic Philippines Considering Blockchain Use in Upcoming Elections.jpg](https://cdn.steemitimages.com/DQmWw2ZSPZTCAsxitcsPJ3q6a1uErC7BkN14KD3NU2oTy6j/Smartmatic%20Philippines%20Considering%20Blockchain%20Use%20in%20Upcoming%20Elections.jpg)\n\nThis article was first published [here](http://https://cryptopilipinas.com/smartmatic-philippines-considering-blockchain-use-in-upcoming-elections/)\n\nSmartmatic says it is considering the use of blockchain technology for future elections in a bid to address the weaknesses that sparked accusations during the previous elections.\n\nAccording to a report by Philippine Star newspaper, the supplier of electronic voter counting machines drew heavy criticism for its role in the elections held in 2016.\n\nThere was suspicion that certain executives in the company reportedly colluded with the country’s political administration at the time to favor a specific vice presidential candidate.\n\nConsequently, the electoral results from the exercise for the vice president post are still undergoing review by the Presidential Electoral Tribunal.\n\nSecurity and Convenience\n\nJane Coo from Smartmatic Philippines reportedly said, \n> “We’re still studying if this (blockchain technology) would be applicable here in the Philippines… Blockchain will make [our system] even more secure and transparent.”\n\nIn her opinion, the use of blockchain technology during the May 2019 mid-term elections would offer increased security for the polls. At the same time, it would make it possible for members of the public to cast their votes online.\n\nThe use of a transparent framework thanks to the distributed ledger technology would also give voters reason to trust in the poll results. Its use of a network of nodes for information synchronization makes it virtually impossible to breach the system’s security, she went on to add.\n\nDuring the recent local plebiscite carried out in Norway, Smartmatic used its blockchain system, TIVI. As a result, those with internet connections were able to cast their votes online. Polling stations were only required for a few areas where there was no internet connectivity. Voter turnout was a record 85%.\n\nZug Switzerland ran a pilot test of blockchain-based elections in June, with officials saying the system would eliminate vote tampering.\n\nSmartmatic Philippines got a contract renewal for the supply of vote counting equipment in February this year.",
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      "title": "**Smartmatic Philippines Considering Blockchain Use in Upcoming Elections**",
      "body": "![](http://https://cryptopilipinas.com/wp-content/uploads/2018/08/Smartmatic-Philippines-Considering-Blockchain-Use-in-Upcoming-Elections.jpg)\n\nThis article was first published [here](http://https://cryptopilipinas.com/smartmatic-philippines-considering-blockchain-use-in-upcoming-elections/)\n\nSmartmatic says it is considering the use of blockchain technology for future elections in a bid to address the weaknesses that sparked accusations during the previous elections.\n\nAccording to a report by Philippine Star newspaper, the supplier of electronic voter counting machines drew heavy criticism for its role in the elections held in 2016.\n\nThere was suspicion that certain executives in the company reportedly colluded with the country’s political administration at the time to favor a specific vice presidential candidate.\n\nConsequently, the electoral results from the exercise for the vice president post are still undergoing review by the Presidential Electoral Tribunal.\n\nSecurity and Convenience\n\nJane Coo from Smartmatic Philippines reportedly said, \n> “We’re still studying if this (blockchain technology) would be applicable here in the Philippines… Blockchain will make [our system] even more secure and transparent.”\n\nIn her opinion, the use of blockchain technology during the May 2019 mid-term elections would offer increased security for the polls. At the same time, it would make it possible for members of the public to cast their votes online.\n\nThe use of a transparent framework thanks to the distributed ledger technology would also give voters reason to trust in the poll results. Its use of a network of nodes for information synchronization makes it virtually impossible to breach the system’s security, she went on to add.\n\nDuring the recent local plebiscite carried out in Norway, Smartmatic used its blockchain system, TIVI. As a result, those with internet connections were able to cast their votes online. Polling stations were only required for a few areas where there was no internet connectivity. Voter turnout was a record 85%.\n\nZug Switzerland ran a pilot test of blockchain-based elections in June, with officials saying the system would eliminate vote tampering.\n\nSmartmatic Philippines got a contract renewal for the supply of vote counting equipment in February this year.",
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      "title": "**# Crypto Expert Calls on Governments Globally to Learn from the Philippines #**",
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      "title": "**# Crypto Expert Calls on Governments Globally to Learn from the Philippines #**",
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      "permlink": "crypto-expert-calls-on-governments-globally-to-learn-from-the-philippines",
      "title": "Crypto Expert Calls on Governments Globally to Learn from the Philippines",
      "body": "![Crypto Expert Calls on Governments Globally to Learn from the Philippines2.jpg](https://cdn.steemitimages.com/DQmZQWLHU2hrFkMxyvRZ6NPBp63RjGR2yMiq6W8zZjYoX5H/Crypto%20Expert%20Calls%20on%20Governments%20Globally%20to%20Learn%20from%20the%20Philippines2.jpg)\n\nThis article was originally posted here\nA cryptocurrency industry entrepreneur and investor is calling on governments around the world to emulate the example of the Philippines in regulating the sector.\nFounder and CEO of digital asset exchange LoyalCoin Patrick Palacios is also the brains behind Appsolutely, an app that offers a digital reward framework for multinational companies.\nHe explained that thanks to the Philippine government’s encouragement for the growth of blockchain technology, the country now boasts one of the fastest growing crypto economies globally.\nHighlighting a recent example of such positive moves, he pointed to the announcement by the Philippine Securities and Exchange Commission (SEC) that it would soon launch new policies to govern transactions in digital assets.\nUrging other countries to follow suit he said:\n“\nThis is a benchmark for the regulation of cryptocurrency. Beforehand, allowing certain kinds of behavior without regulation has put hundreds of thousands of investors at risk.”\nLower Risk Levels\nUnder the new regulations, companies, businesses and individuals hoping to launch an Initial Coin Offering (ICO) in the Philippines will first have to get approval from the SEC.\nPalacios commented on the fact that without such regulations in place, investors would not have much of a chance to recover their losses when they fall victim to ICO exit scams.\nBut following the implementation of the new rules, there will be real legal consequences in place to deter malicious actors and allow victims to fight back in case of fraud.\n“Now I would urge other countries and regulators to follow suit, and make regulation a truly global thing. South East Asian markets in particular should be following the Philippine model,” he recommended.\nHe said that having regulations to govern the global market would encourage more people to start taking the crypto sector more seriously.\nHis startup holds one of the first Philippine cryptocurrencies following a successful token generation event that ended in February.",
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      "body": "An agreement between MyCryptoBank and the Cagayan Economic Zone Authority (CEZA) chief Raul Lambino, will see the former get a license to operate in the special zone.\n\nThe announcement follows closely in the wake of a meeting held in Manilla Philippines on 6th July by executives of the two companies.\n\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article https://cryptopilipinas.com/mycryptobank-approved-for-licensed-operations-in-ceza/\nThank you and please follow us on Medium and on other social media channels\n![MyCryptoBank Approved for Licensed Operations in CEZA.jpeg](https://cdn.steemitimages.com/DQmbhCacsQNAYw2zat3fT9CVEDNE7TWE91iuACTUkNmQGZM/MyCryptoBank%20Approved%20for%20Licensed%20Operations%20in%20CEZA.jpeg)",
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      "body": "Bitcoin exchange platforms and cryptocurrency businesses at large in the Philippines show better performance in terms of user activity and popularity over the period since January 2018.\n\nAs reported by CCN, a special economic zone set up by the government in the northern part of the country will allow more than 25 crypto exchanges to set up operations.\n\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article https://cryptopilipinas.com/bitcoin-exchanges-in-the-philippines-outshining-traditional-financiers/\nThank you and please follow us on Medium and on other social media channels\n![Philippine Cryptocurrency Market Thriving in Bearish Market.jpg](https://cdn.steemitimages.com/DQmS6324baP9CERwiCaZqfSPzWA1FFvUUpDGJnzW4FeyzDU/Philippine%20Cryptocurrency%20Market%20Thriving%20in%20Bearish%20Market.jpg)",
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      "body": "In spite of the less than stellar performance of bitcoin, the Philippines has maintained a healthy cryptocurrency market in the first half of 2017.\n\nFor the past few years, practical bitcoin applications in the country have been on the rise especially within the money transfer sector. Monthly volume at the moment is approaching the $40 million mark.\n\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article https://cryptopilipinas.com/philippine-cryptocurrency-market-thriving-in-bearish-market/\nThank you and please follow us on Medium and on other social media channels\n![Philippine Cryptocurrency Market Thriving in Bearish Market.jpg](https://cdn.steemitimages.com/DQmS6324baP9CERwiCaZqfSPzWA1FFvUUpDGJnzW4FeyzDU/Philippine%20Cryptocurrency%20Market%20Thriving%20in%20Bearish%20Market.jpg)",
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      "body": "Congratulations @cryptopilipinas! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@cryptopilipinas) Award for the number of posts published\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "A lot has changed since the NOAH project shifted to the University of the Philippines, and among other things, there is a possibility of a future collaboration with a blockchain-based startup.\n\nRoughly a year ago, the University of Philippines Resilience Institute (UPRI) took over the Nationwide Operational Assessment of Hazards (NOAH) project. The shift was as a result of the Department of Science and Technology’s (DOST) decision to stop funding it.\n\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article https://cryptopilipinas.com/project-noah-looking-to-collaborate-with-blockchain-company/\nThank you and please follow us on Medium and on other social media channels\n![Project NOAH Looking to Collaborate with Blockchain Company.jpg](https://cdn.steemitimages.com/DQmZbd9ZDimrDuH4bj74NXArj7h4a4MQqfJteqBwUegvyj6/Project%20NOAH%20Looking%20to%20Collaborate%20with%20Blockchain%20Company.jpg)",
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      "body": "The Noah Project recently announced the launch of a new strategic partnership with PayRemit, one of the top payment gateways in the Philippines.\n\nSince its initiation in 2016, the Noah Project has been creating blockchain-based solutions aimed at bridging the gap between Filipino and Japanese citizens, in travel, business and family matters.\n\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article https://cryptopilipinas.com/payremit-and-noah-project-partnership-boon-for-filipino-migrant-workers/\nThank you and please follow us on Medium and on other social media channels\n![The-Collaboration-Between-Payremit-And-Noah-Project-On-Expanding-Its-Payment-Options-696x449.jpg](https://cdn.steemitimages.com/DQmRkTa4r4bs3dUjtMkfgrvDWsUDB7Z8eSoiJgsQzNBVqqx/The-Collaboration-Between-Payremit-And-Noah-Project-On-Expanding-Its-Payment-Options-696x449.jpg)",
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      "body": "A Filipino company, Cool Kids, has partnered up with a blockchain healthcare firm to offer improved healthcare solutions in the Philippines.\n\nComprising a group of entrepreneurs and consultants, Cool Kids has a focus on using emerging technologies to provide life improvement solutions\n\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article https://cryptopilipinas.com/filipino-company-partners-with-blockchain-firm-to-improve-healthcare-services/\nThank you and please follow us on Medium and on other social media channels\n[Filipino Company Partners with Blockchain Firm to Improve Healthcare Services.jpeg](https://cdn.steemitimages.com/DQmR9yALwc1Mc4xxdbttLJbsn7G27xdCzw1bfK36ixMrkqT/Filipino%20Company%20Partners%20with%20Blockchain%20Firm%20to%20Improve%20Healthcare%20Services.jpeg)",
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      "body": "While a great portion of the world seems to consider cryptocurrencies as investment vehicles, Southeast Asia has literally turned into a hotbed of real-world blockchain applications.\n\nFor a region with remarkably high cellphone usage and widespread use of cashless payment frameworks like wePAY and LINE pay, the high affinity for blockchain-based innovations does not come as a surprise.\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article  https://cryptopilipinas.com/widespread-crypto-adoption-gaining-traction-in-southeast-asia/\nThank you and please follow us on Medium and on other social media channels\n![Widespread Crypto Adoption Gaining Traction in Southeast Asia 2.jpg](https://cdn.steemitimages.com/DQmeeRxyijQfNCmUPmkYR9qQ9g4XB3FrDkbccrKeLkTw2eh/Widespread%20Crypto%20Adoption%20Gaining%20Traction%20in%20Southeast%20Asia%202.jpg)",
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      "title": "Union Bank Set to Add More Digital Branches in 2018",
      "body": "Philippine-based Union Bank is set to introduce additional Ark Banks, by converting some of its existing branches into fully digitalized offices known as “The ARK” and smaller ones known as “ARKlets”.\n\nTo read the whole article, please check out our website where the article was originally posted. Here is the link to the article  https://cryptopilipinas.com/union-bank-set-to-add-more-digital-branches-in-2018/\nThank you and please follow us on Medium and on other social media channels\n![Union Bank Set to Add More Digital Branches in 2018 2.jpg](https://cdn.steemitimages.com/DQmXuKmLDs4k3opMTqzfUuntiqhg6uNKpnFMKAhNyXhwQAF/Union%20Bank%20Set%20to%20Add%20More%20Digital%20Branches%20in%202018%202.jpg)",
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-cryptopilipinas-20180724t040342000z",
      "title": "",
      "body": "Congratulations @cryptopilipinas! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/notifications/post4day.png)](http://steemitboard.com/@cryptopilipinas) You published 4 posts in one day\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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