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News and Events

Buying or Selling Bitcoins? BSP Approves 2 More Virtual Currency Exchanges

The banking regulator has registered a total of five crypto-exchanges since late 2017

The Bangko Sentral ng Pilipinas (BSP) has approved two more companies to operate as virtual currency exchanges (VCEs), or firms that convert Philippine pesos into cryptocurrencies such as Bitcoin and Ethereum, and vice versa.BSP Deputy Governor Chuchi Fonacier has said that the ...

by Lorenzo Kyle Subido  | July 09, 2018 04:00:00
News and Events

Offshore Cryptocurrency Hub Rising in Remote Corner of Northeastern Luzon

Crypto-friendly policies turning Cagayan Valley into a virtual currency hotspot amid regulatory curbs in China and other countries

The Cagayan Economic Zone Authority (CEZA), which runs a special economic zone and free port in Cagayan Valley province in northern Luzon, has signed agreements with 15 fintech companies to locate offshore virtual currency operations within the zone, the government agency announced ...

by Roel Landingin  | May 21, 2018 07:00:00
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