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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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Bitcoin Pulls In $706M as Traders Abandon Short Positions in Massive Sentiment Shift

While Bitcoin dominated headlines, Solana and XRP investment products also recorded sharp increases in activity. Digital asset investment products posted inflows of $857.9 million, and extended six straight weeks of positive flows – the highest weekly figure since April 24. CoinShares stated that the increase is likely tied to improving sentiment around the CLARITY…

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