The Philippine Central Bank Considers Regulation Standards for Bitcoin

The Philippine central bank, Bangko Sentral ng Pilipinas (BSP) and the country’s regulators are planning to create regulatory standards for digital assets like bitcoin. This week the BSP Deputy Governor, Chuchi Fonacier, said the bank is working with the Securities and Exchange Commission in order to create regulatory guidelines for Philippine businesses and exchanges who deal with cryptocurrencies.

Source: The Philippine Central Bank Considers Regulation Standards for Bitcoin

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