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Philippines’ corruption fight takes a digital turn

Philippines’ corruption fight takes a digital turn

Photo: CoinGeek

By Ana Peligro . Editor at CoinGeek reporting on the technologies shaping business, finance, and digital innovation. TL;DR: As the Philippines accelerates its digital transformation, technology is becoming a double-edged sword in the fight against corruption. Digital tools are helping authorities trace suspicious transactions, but crypto and digital wallets are also giving bad actors new ways to fragment, move, and conceal illicit funds. The ongoing flood control scandal shows how crypto has become part of the financial trail, underscoring the need for stronger oversight, KYC, and transaction monitoring.

Source: CoinGeek

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