UnionBank gets BSP nod for crypto trading

UnionBank’s UnionDigital Bank has tied up with MPIC’s mWell as part of its efforts to make financial services more accessible to Filipinos.MANILA, Philippines — Union Bank of the Philippines the first universal bank in the Philippines to secure a license from the Bangko Sentral ng Pilipinas to operate as a virtual asset service provider .

“By obtaining this license, we are not only paving the way for even more groundbreaking opportunities, but also enhancing our digital capabilities and further transforming the way our customers interact with us,” Bautista said. The new feature provides a convenient and secure platform for trading cryptocurrencies through a well-established and trusted financial institution.

“Through these new services, we are empowering them to be able to navigate this new space with confidence,” Omila said.

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