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The EU has removed the United Arab Emirates from its money-laundering "high-risk" list, alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. However, Monaco and ten other jurisdictions, including Algeria and Venezuela, have been added to the list for increased monitoring. This update reflects the EU's commitment to align with international standards set by the Financial Action Task Force.
Green and Smart Mobility Joint Stock Company has launched the Philippines' first all-electric taxi service, operating in 10 cities of Metro Manila with a fleet of VinFast Nerio Green vehicles. This initiative aims to provide zero-emission transport for the region's 13 million residents, utilizing AI-driven tools for safety and efficiency. The competitive landscape is intensifying, with Grab also introducing electric taxi services, highlighting a significant shift towards electrification in the transport sector amid growing consumer awareness. Despite challenges like higher upfront costs and the need for charging infrastructure, electric taxis offer lower running costs and reduced maintenance, making them an attractive option for operators.
Coins.ph's Philippine Peso-backed stablecoin, PHPC, has successfully exited the BSP Regulatory Sandbox as of June 10, 2025, allowing for expanded operations in remittances and cross-border transactions. The stablecoin, fully backed by cash reserves, aims to reduce remittance costs and enhance financial inclusion in the Philippines, a major recipient of overseas remittances. This development aligns with regional trends in digital currency regulation, reflecting the Philippines' strategic focus on leveraging blockchain technology for economic needs.
The Philippine Blockchain Industry Report 2025 reveals a shift from cryptocurrency and gaming to broader applications like remittances, decentralized finance, and data security. While 74% of Filipinos trust blockchain security, only 28% are familiar with Web3, highlighting a significant educational gap. The report emphasizes the need for regulatory expansion, public-private partnerships, and improved blockchain literacy to support the country's digital transformation goals.
AI-generated content is facing skepticism in Southeast Asia, with backlash against AI hosts in Indonesia and the Philippines highlighting concerns over job security in journalism. Despite this, Meta plans to launch AI tools for ad creation by 2026, targeting small businesses but risking further alienation of consumers who prefer human-generated content. A recent survey shows a majority of respondents want brands to limit AI adoption to preserve jobs, yet companies continue to integrate AI into their operations.
Atome has successfully raised $75 million to enhance its services in the Philippines. This funding will support the company's expansion efforts, allowing it to better serve its customers in the region. The investment marks a significant step in Atome's growth strategy.
Atome has secured a $75 million asset-backed financing facility from Lending Ark to expand its buy now pay later (BNPL) services in the Philippines, a market projected to grow significantly. With 28.4 million users by the end of 2024, the Philippines ranks second in BNPL penetration in Southeast Asia, driven by a large underbanked population seeking flexible credit options. This financing reflects a broader trend in asset-backed lending, positioning Atome to enhance financial inclusion in the region.
RichMiner has emerged as a leader in green electricity mining, generating $3,860 daily by leveraging AI and renewable energy. With a focus on compliance and cost reduction, the platform offers automated optimization and risk management, positioning itself for success amid EU carbon tax regulations. As traditional mines struggle with rising costs, RichMiner's innovative approach promises both profitability and environmental sustainability.
Limited, a US-based fintech startup founded by Egyptian entrepreneur Hussein Ahmed, has raised $7 million in seed funding to expand its stablecoin-based global banking services. The platform, which integrates self-custody security with traditional banking functionality, is accessible in 176 countries and supports over 300 local payment methods. This funding will enhance growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East, addressing the demand for secure, borderless financial services.
Southeast Asia is poised to see a significant shift in energy use, with projections indicating that by 2030, a third of the region's data centers could be powered by solar and wind energy. This transition is crucial as the demand for energy-intensive technologies, like AI, continues to rise. However, experts caution that renewable energy alone won't suffice; investments in battery storage and smart electricity management are essential for sustainable growth.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
eu removes uae from high risk money laundering list
18:34 10.06.2025
Vingroup launches first all electric taxi service in the Philippines
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Philippines stablecoin PHPC exits trial phase to enhance remittances and transactions
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philippine blockchain industry shifts focus from crypto to broader applications
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the challenges of ai adoption in southeast asian broadcasting and advertising
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Atome secures 75 million dollars to grow in the Philippines
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Atome secures 75 million dollars to expand buy now pay later services in Philippines
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Egyptian fintech startup raises 7 million for global stablecoin banking expansion
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renewable energy could power one third of southeast asia data centers by 2030
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