Philippine Crypto Community Welcomes Tighter Bsp Rules, Calls for Industry-Wide Literacy

Manila, Philippines — The Philippine crypto trading community has welcomed the Bangko Sentral ng Pilipinas' (BSP) proposed freeze on new payment system operator registrations and its tighter controls on virtual asset service providers (VASPs) as a sign that the local digital asset market is maturing, with Global Miranda Miner Group (GMMG) supporting stronger accountability and traceability while emphasizing that regulatory oversight does not mean risk-free investing. With users projected to reach nearly 12.8 million this year, the community warns that rules alone will not protect new market entrants unless the whole industry also improves market literacy.

Arlone Abello, CEO of GMMG and Founding Chairman of the Innovative Movement of the Philippine Association of Crypto Traders (IMPACT), set out the position at The Crypto Roundtable. He was joined on the panel by John Garcia, Head of Strategic and Market Education Ventures at GCash; Alden Yburan, Head of GCrypto; and Patrick Lao, Head of Retail at PDAX.

"A pause on new licenses and closer controls on virtual asset service providers are not a step back for crypto. They are what happens when an industry grows up," Abello said. "When every payment can be traced to a real business, users, banks and partners can deal with crypto platforms with the same confidence they have in any other financial service. That is how the industry earns its place in mainstream finance. Our job now is to make sure users mature at the same pace."

The BSP's draft circular, released for consultation earlier in September, would suspend new registrations of Operators of Payment Systems (OPS) for 12 months while the central bank reviews its licensing framework. It would also require payment firms to deal with regulated VASPs only through direct arrangements, with enhanced due diligence, monitoring, and transaction and settlement limits.

Abello noted that regulation can strengthen safeguards, but it cannot by itself make people better investors. Without stronger financial literacy, market participants may still face losses even in a regulated market, making education an important complement to regulatory oversight.

About 10% of Filipinos now use cryptocurrency. Much of this adoption comes from demand for digital-first financial services in a country where about 76% of the population is unbanked or underbanked. For many new users, crypto is one of their first experiences of investing, which makes understanding risk all the more important.

“Reaching this level of participation shows that crypto is no longer just a niche interest. As the ecosystem grows, users also need to become more disciplined in how they understand risks, manage exposure, and make decisions in the market,” Abello said.

Abello added that the kind of people taking part has changed markedly since the play-to-earn boom that drove early adoption. According to him, the market now draws traders moving across from gold and equities, professionals applying familiar investment approaches to digital assets, and younger Filipinos building crypto into their wider financial plans.

He expects more Filipinos to enter the market as global crypto markets regain momentum. Total crypto market value recently climbed back above US$3 trillion, driven by Bitcoin reaching around US$86,000, its highest level since late January. Open interest in perpetual futures also neared US$160 billion, a sign that traders are taking on more leverage as activity picks up. With more newcomers likely to arrive during the upswing, Abello said this is the right time for the industry to invest in education.

GMMG said it will continue working with industry partners and regulators to expand education in technical analysis, risk management, market behavior, and disciplined trading. It will hold the next edition of The Crypto Roundtable in November 2026. Interested participants may visit globalmirandaminer.com for upcoming announcements.

Getting Started with Cryptocurrency: A Beginner's Guide

Getting started with cryptocurrency can be both exciting and daunting for newcomers. Here’s a step-by-step guide to help you navigate this evolving digital landscape.

Understanding Cryptocurrency

Cryptocurrency is a form of digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit or double-spend. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology.

Steps to Get Started

1. Educate Yourself

Begin by understanding the basics of cryptocurrency. Research different types of cryptocurrencies, their purposes, and how blockchain technology works. Websites like CoinDesk, CoinMarketCap, and educational platforms offer valuable resources.

2. Choose a Wallet

A cryptocurrency wallet is essential for storing your digital assets securely. Wallets come in various types, including hardware (like Ledger or Trezor), software (desktop or mobile apps), and web-based wallets. Each offers different levels of security and accessibility.

3. Select Your Cryptocurrency

Decide which cryptocurrency you want to buy or invest in. Bitcoin (BTC) and Ethereum (ETH) are well-known options, but there are thousands of others (altcoins) with varying features and uses. Research each coin’s technology, market cap, and community support.

4. Find a Cryptocurrency Exchange

To purchase cryptocurrency, you’ll need to use a cryptocurrency exchange. Popular exchanges like Coinbase, Binance, and Kraken allow you to buy, sell, and trade digital currencies. Compare fees, security features, and supported cryptocurrencies before choosing an exchange.

5. Secure Your Investments

Implement strong security measures to protect your investments. Use two-factor authentication (2FA), choose reputable wallets and exchanges, and never share your private keys or login credentials. Consider storing large amounts of cryptocurrency offline in hardware wallets for added security.

6. Start with Small Investments

As with any investment, start small and gradually increase your holdings as you gain confidence and experience. Cryptocurrency prices can be volatile, so it’s essential to invest only what you can afford to lose.

7. Stay Informed

Stay updated on cryptocurrency news, market trends, and regulatory developments. Follow reputable sources and communities within the cryptocurrency space to make informed decisions about buying, selling, or holding your investments.

8. Explore Use Cases

Beyond investment, explore the practical applications of cryptocurrencies. Many businesses and platforms accept digital currencies for goods and services. Some cryptocurrencies support decentralized finance (DeFi), gaming, and other innovative uses.

Conclusion

Starting with cryptocurrency involves learning, choosing secure wallets and exchanges, selecting investments wisely, and staying informed. While the journey may seem complex at first, taking these steps will help you navigate the evolving world of digital currencies with confidence.

Whether you’re interested in investing, using cryptocurrencies for transactions, or exploring blockchain technology, the key is to start with a solid understanding and continue learning as the industry evolves.

Doric Network Expands to Asia, Bringing Tokenization and Blockchain Solutions to the Region

Metro Manila, Philippines – March 2024 – Doric Network, a pioneering marketplace for tokens and a market provider of tokenization and blockchain infrastructure announced its expansion into the Asian market. With a focus on providing innovative solutions to businesses and developers across the continent, Doric Network aims to accelerate the adoption of blockchain technology in various industries. This strategic move will bring Doric's innovative tokenization and blockchain solutions to a region ripe with potential for transformative financial technologies.

Doric Network is recognized for its user-friendly platform that empowers individuals and enterprises alike to generate and sell tokens on their blockchain effortlessly. With the Doric token maker tool, anyone can create tokens and list them for sale on the Doric exchange. 

This democratizes access to tokenization, allowing assets to be fractionalized and sold on a peer-to-peer basis, thereby broadening markets and enhancing commercial opportunities.

The cornerstone of Doric Network's offering is its asset tokenization capability. By breaking down large assets into smaller, more manageable units, Doric facilitates liquidity and market access. This feature opens up new avenues for investment and trading, unlocking previously untapped value in various asset classes.

Furthermore, Doric Network operates a comprehensive two-way token exchange platform. This enables investors to participate in both primary offerings and secondary market trading, ensuring continuous liquidity for token holders. This dual functionality enhances flexibility and accessibility within the Doric ecosystem.

Operating on a cutting-edge blockchain infrastructure, Doric Network prioritizes security, speed, and efficiency. Fully compatible with Ethereum's EVM, Doric utilizes a revolutionary PoA blockchain format to deliver a seamless user experience.

Key Highlights:

• Strategic Partnerships. Doric Network is establishing partnerships with key players in the Asian blockchain ecosystem, including exchanges, enterprise solution providers, and industry consortia.
• Localized Solutions. The company is tailoring its technology stack to address the specific needs and regulatory requirements of Asian markets.
• Educational Initiatives. Doric Network is committed to educating businesses and developers about the potential of blockchain technology and tokenization, driving wider adoption.

Tokenization: Driving Innovation Across Industries

Doric Network's core focus is on enabling the tokenization of real-world assets. This process involves representing assets such as real estate, commodities, and intellectual property as digital tokens on a blockchain. Tokenization offers several benefits, including:

• Increased Liquidity. Tokenization allows for fractional ownership, making previously illiquid assets accessible to a wider range of investors.
• Enhanced Transparency. The immutability of blockchain records ensures a transparent and auditable ownership history.
• Programmable Functionality. Smart contracts enable the automation of complex business processes, reducing costs and increasing efficiency.

Doric Network's Differentiators

Doric Network distinguishes itself in the market with the following characteristics:

• Scalability: The platform is designed to handle high volumes of transactions, supporting large-scale tokenization projects.
• Compliance: Doric Network prioritizes adherence to regulatory frameworks across different Asian jurisdictions.
• Interoperability: The platform is built for compatibility with other blockchain networks, facilitating cross-chain asset transfers.

About Doric Network

Doric Network is a leading provider of blockchain and tokenization infrastructure. The company empowers businesses and developers to unlock the potential of blockchain technology with its secure, scalable, and compliant solutions. Doric Network is headquartered in [Location] with a growing presence across Asia.

Doric Network: Revolutionizing Tokenization Across Industries

Dubai, February 2024 – Doric Network emerges as a pioneering force in the realm of tokenization, offering a comprehensive solution poised to transform various sectors. With its cutting-edge platform, Doric Network stands as the premier choice for tokenizing assets of all kinds, presenting a streamlined and accessible approach to asset management and investment.

Tokenization has emerged as a game-changer in the financial landscape, enabling the fractional ownership of assets and opening up new avenues for investment. Doric Network takes this concept to new heights, offering a versatile platform that allows users to tokenize almost anything, from real estate and commodities to intellectual property and digital assets.

One of the key highlights of Doric Network is its native token, $DRC, which serves as the backbone of the platform. $DRC facilitates seamless transactions and serves as a medium of exchange within the Doric Network ecosystem. Now, acquiring $DRC tokens has become even more convenient, with listings on leading cryptocurrency exchanges Dex-Trade and Emirex Exchange, paired with $DRC-$USDT, providing users with easy access to this innovative token.

"We are thrilled to offer investors and users the opportunity to participate in the Doric Network ecosystem through our native token, $DRC," said Jameson Estrada, Founder of Doric Network. "With listings on Dex-Trade and Emirex Exchange, acquiring $DRC tokens has never been easier. We believe that our platform has the potential to revolutionize tokenization across industries, and we are excited to see the impact it will have on the future of asset management and investment."

Furthermore, the $DRC token has garnered recognition on prominent cryptocurrency tracking platforms, including Coingecko and Coinmarket Cap, further solidifying its position in the market. These listings provide users with valuable insights into the performance and liquidity of the $DRC token, enhancing transparency and trust within the Doric Network ecosystem.

As Doric Network continues to innovate and expand its offerings, the future of tokenization looks brighter than ever. With its user-friendly platform, robust tokenomics, and strategic partnerships, Doric Network is poised to lead the way in revolutionizing asset management and investment for years to come.

For more information about Doric Network and how to acquire $DRC tokens, visit www.doric.network.

About Doric Network:

Doric Network is a leading tokenization platform that enables the fractional ownership of assets across various industries. With its innovative approach to asset management and investment, Doric Network aims to democratize access to investment opportunities and revolutionize the way assets are bought, sold, and traded.