Express

Phillippines Bank Issues Warning Over Cryptocurrency

Janelle Fox

Summary: The chief of the Philippines bank is issuing a warning over the possible threats and risks of the increasingly popular cryptocurrency market, according to CoinDesk. Crytocurrency use in the Philippines is on the rise, with the amount of cryptocurrency exchanges almost doubling between 2017-2018. In 2017 the central bank began mandating cryptocurrency transactions to register ...

The chief of the Philippines bank is issuing a warning over the possible threats and risks of the increasingly popular cryptocurrency market, according to CoinDesk. Crytocurrency use in the Philippines is on the rise, with the amount of cryptocurrency exchanges almost doubling between 2017-2018. In 2017 the central bank began mandating cryptocurrency transactions to register with the bank as payment. The exchange platforms will be further required ensure that consumer is safe and to monitor illegal transactions.

Author: Janelle Fox

Last Update:

Tags: ,,,,
Link: Phillippines Bank Issues Warning Over Cryptocurrency   [Copy]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 8 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • You need to login to comment.