Philippine Stock Exchange wants to trade cryptocompany, but waiting for the approval of regulators

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The Philippine Stock Exchange plans to trade cryptocurrency when regulators will give it green light to it.

The Director-General of FSB Ramon Monson stated in an interview that the trading platform has the necessary infrastructure to work with digital assets and investor protection systems. She is currently expecting when the Filipino Securities and Exchange Commissions approves guidelines in this area.

In 2020, the regulator promised to release a set of rules for cryptocrium and start collecting public comments for its finalization. However, this document has not been published.

Despite this, in the past years, the Central Bank of the Philippines approved the activities of a number of cryptocurrency exchanges on the territory of the country, registering them as a company on monetary translations, and obligatory to comply with the PD / FT principles.

CB also considers the possibility of using tokens for

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