Investors in the Philippines want the government to ease concerns on cryptocurrencies
The exponential growth of Bitcoin and the cryptocurrency space, in general, have struck a chord amongst Philippine investors that they are asking the government monetary policymakers to address the concern about the blockchain technology.
Francis Arjonillo, the President of the First Metro Investment Corp. (FMIC) has asked the Bangko Sentral ng Pilipinas (BSP), the government's central bank, to have a policy that address' the surge in cryptocurrency investing.
Pushing for more assurance of cryptocurrency, Francis Arjonillo has said that it is a huge threat to the money system and the ability for banks to control money. He is also concerned about security and hacking of crypto wallets and woants these issues addressed before banks start to embrace the technology.
The BSP said it is working with the Securities and Exchange Commission to draft a new rule on cryptocurrencies like when used to investment. So far the BSP has approved two currency exchanges to operate in the country, Rebittance and Betur, also known as coins.ph.
we are here in Tunisia fighting for the same @mikej
Keep fighting!
A second revolution is soon in Tunisia
freedom for peoples
thank you for the news, really this platform had a useful information in any aspect, you are more Filipino than me hahaha
😀Haha maybe I am filipino.
you are?
Maybe! No, seriously I'm not.
hahaha ok i believe no problem
🙂
Our goverment is still not familiar with crypto, I think they are still studying this just to be sure
I hope they continue to let more exchanges operate there.
1.81% @pushup from @mikej
🙂
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