The Central Bank of the Philippines Approved Two New Cryptocurrency Exchanges


Philippines cryptocurrency exchanges: The Bangko Sentral ng Pilipinas (BSP) has just approved two new cryptocurrency exchanges, the news outlet BusinessWorld reported July 6th. Presently, there are only five regulated crypto exchanges throughout the entire country.

Chuchu G. Fonacier, BSP Deputy Governor, said that the regulator has approved the applications for ETranss and Virtual Currency Philippines, Inc. The platforms will convert pesos into digital currencies like Bitcoin (BTC) and Ethereum (ETH).

The other cryptocurrency exchanges approved by the central bank are Rebittance, Inc; Betur, Inc (Coins.ph); and BloomSolutions.

Crypto Progress in the Philippines

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