Crypto, News

NTC orders blocking of unlicensed investment platforms in PH, Binance remains accessible

calendar_today April 16, 2024 schedule 2 min read

Last month, the Philippines National Telecommunications Commission (NTC) commenced blocking the websites of crypto companies that offer investment products without the necessary licenses. Specifically, the NTC directed the blocking of access to the website and apps of the foreign exchange platform MiTrade. This platform had been accused of offering investment opportunities without the required license. […]

RCBC completes transaction with Japanese banking giant, gains P27 billion in capital infusion

calendar_today August 4, 2023 schedule 2 min read

To increase its funding source, the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) recently concluded the sale of its shares to Japanese banking giant Sumitomo Mitsui Banking Corp. (SMBC). In a disclosure made to the Philippine Stock Exchange (PSE) earlier this week, RCBC announced the completion of the sale of an additional 15.01% interest to the […]

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NTC orders blocking of unlicensed investment platforms in PH, Binance remains accessible

RCBC completes transaction with Japanese banking giant, gains P27 billion in capital infusion