While most of the attention of the cryptocurrency community around the globe keeps an eye on regional crypto powerhouses like Singapore, Japan , and South Korea there is one country that has been seeing accelerated growth in crypto adoption, The Philippines.
There are many reasons why the Philippines is fast becoming one of the most cryptocurrency-friendlyurisdiction in the region, one of which is the country’s Securities and Exchange Commission’s (SEC) active participation on establishing a clear regulatory environment.
Giving the sector room to grow led to its cryptocurrency community to grow with some of the largest banks engaging in multiple cryptocurrency-related projects as well as a growing number of SEC-registered exchanges.
To date, there are about 13 exchanges already SEC certified exchanges in the country which includes: 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 Phil Inc., Aba Global Philippine Inc., Bitan MoneyTech Co. Ltd., Telcoin Corp., and Atomtrans Tech Corp.
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Headlines for the world of Cryptocurrencies - August 16, 2019
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- XRP Enthusiast Goes All In
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- American Retail Giant Files For Blockchain-Based Drone Communications
- Ethfinex Spin-Off From Bitfinex
- New Physically-Settled Bitcoin Swap Contracts To Go Live Soon
