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Union Bank of the Philippines says it got a license from the Bangko Sentral ng Pilipinas to operate as a virtual asset service provider, enabling it to let its customers buy and sell Bitcoin through its app.
The license will enable the bank to introduce a new feature in Q4 2023, enabling customers to directly buy and sell Bitcoin through mobile app.
UNION Bank of the Philippines (UnionBank) on Tuesday said it had been given the go signal by the Bangko Sentral ng Pilipinas to operate as a virtual asset service provider (VASP), making it the first and only universal bank in the country to offer such.
Union Bank of the Philippines (UnionBank) recently took home two major awards at The Asian Banker Excellence in Retail Financial Services and Technology Innovation Awards 2022.
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its clients.