Binance To Bring Web3 Development To The Philippines

Changpeng Zhao, CEO of Binance, has confirmed in a tweet that the firm wants to enter the Philippines. The crypto exchange Binance has grown globally over the years. Additionally, it has listed several tokens on its platform to meet clients’ needs. The crypto firm is available in about 180 counties. However, the firm continues to pursue expansion into new regions. The latest country on its list is the Philippines. Binance aims to bring Web3 to the country – Manila Bulletin https://t.co/EWSkPBrM5T — CZ 🔶 Binance (@cz_binance) June 8, 2022 Binance To Enter Philippines With Web3 Development Presently, the crypto firm is eyeing the Philippines. According to Zhao, the nation is “super important”. He added, “The Philippines is advanced in terms of tech talents, payment services, mobile penetration and has a good understanding of cryptocurrency.” Furthermore, Binance’s CEO added that the environment encourages innovation and fast development. The CEO plans to enter the Asian market by introducing blockchain development. Zhao also noted that the issue of regulation would not be a hindrance. The company is willing to work with regulators to shape best regulatory practices. Also, the crypto entrepreneur believes that securing a license will increase his chances of success. Philippines Central Bank Begin CDBC Pilot Project Last month, the Philippines Central Bank noted that it would launch a pilot project for CBDC. The pilot project aim...