There are now around 48 cryptocurrency exchanges that is operating out of the Philippines, 11 of these exchanges are registered by the central bank of the country and there are around 37 that is operating and licensed by the government-owned Cagayan Economic Zone Authority.
According to the most recent list of Remittance and Transfer Companies with Money Changing or Foreign Exchange Dealing and Virtual Currency (VC) Exchange Service, there are around 11 cryptocurrency exchanges registered by the Banko Sentral ng Pilipinas (BSP).
These are: 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., and Bitan MoneyTech Co.Ltd.
The Philippine government adopted a formal regulatory approach to cryptocurrency through the issuance of Circular No 944 dated Feb. 7, 2017 which requires businesses engaged in the exchange of crypto to register with the central bank as remittance and transfer companies.
The other 37 companies are licensed by the Cagayan Economic Zone Authority (CEZA) which operates as a separate customs territory much like Hong Kong, Singapore, Labuan in Malaysia and Hamburg in Germany.
Read more of today's Headlines! Click here
Headlines for the world of Cryptocurrencies - June 24, 2019
- Bitcoin Searches In Google Increase As BTC Price Soars
- TRON (TRX) In Top 10 Rankings Again As 1 Year Anniversary Nears
- Upcoming Legislations To Allow Russian Crypto Trading
- Blockchain Platforms Can Now Interact With Swift
- Facebook Looking To Fill Senior Job Vacancy For Calibra Wallet
Headlines for the world of Cryptocurrencies - June 23, 2019
- Paying Bitcoin In Taxes Now Even More Attractive
- Microsoft And Ethereum Foundation Joins Hyperledger Consortium
- Move To Ban Crypto In India Increases Local Interest On The New Asset Class
- Alyx To Use IOTA For Supply Chain Transparency
- Binance DEX Now Has A Stablecoin
Headlines for the world of Cryptocurrencies - June 22, 2019
- Ripple Performing Well, Thanks To Libra
- Western Union Still Testing Ripple
- Bitcoin Halving Event Bullish On Every Crypto
- The Ethereum Security Of Grayscale Now Listed On OTC Markets
- Charity Embracing Crypto And Blockchain
