RATE Group | The Philippines Central Bank has approved a new crypto related company
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The Philippines Central Bank has approved a new crypto related company

19 Aug The Philippines Central Bank has approved a new crypto related company

Posted at 21:50h in Cryptocurrency News by

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  • The Philippines Central Bank has approved a new crypto company
  • Now 13 companies are regulated in the nation
  • Telcoin Corpl and Atomtrans Tech Corp will now be able to offer services

 

The central bank of the Philipines has approved two new companies to operate crypto exchange services in its jurisdiction. Telcoin Corpl and Atomtrans Tech Corp are now able to operate in the country. 

Telcoin is an ethereum based company that originates in Japan and has a strong mobile market. While Atomtrans are a remittance and transfer business focused on creating relationships with Chinese companies. The company offers ATC Remittance and ATC Payment services and now can extend its business in the crypto asset and trading industry with ATC Digital Currency Exchange. They also recently signed an agreement with China UnionPay Electronic Payment Co., Ltd. and UnionBank of the Philippines and represents the Philippine-China remittance products. 

Although it is considered a…

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