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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

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