RATE Group | Philippines Increasingly Crypto Friendly – A Look at Driving Forces
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Philippines Increasingly Crypto Friendly – A Look at Driving Forces

18 Aug Philippines Increasingly Crypto Friendly – A Look at Driving Forces

Posted at 06:33h in Bitcoin News by

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There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects.

Also read: Central Banks Worldwide Testing Their Own Digital Currencies

Rising Number of Crypto Exchanges

The number of approved crypto exchanges has been increasing in the Philippines. The country’s central bank, the Bangko Sentral ng Pilipinas (BSP), has registered 13 of them so far: Betur Inc. dba Coins.ph, Rebittance Inc., Bloomsolutions Inc., Virtual Currency Philippines Inc., Etranss Remittance International Corp., Fyntegrate Inc., Zybi Tech Inc., Bexpress Inc., Coinville Phils Inc., Aba Global Philippines Inc., Bitan Moneytech Co. Ltd., Telcoin Corp., and Atomtrans Tech Corp. The latter two…

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