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Philippine Central Bank Approves Registration of Virtual Currency ExchangesLocal media has reported that the Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has approved the registration of two virtual currency exchanges. The announcement comes after the BSP introduced legislation designed to recognize and regulate virtual currency exchanges earlier this year.
The BSP Governor Has Announced the Registration of Two Companies Seeking to Operate Virtual Currency Exchanges
The Bangko Sentral ng Pilipinas has announced the successful registration of two companies seeking to operate bitcoin exchanges in the Philipines. The announcements were made by BSP Governor, Nestor Espenilla Jr., during the recent Fintech Thought Leadership Roundtable Series. Espenilla has described the prospective virtual currency exchanges as “locally based but having international roots.”
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