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Title: [2016-6-6]Bitcoin exchanges in the Philippines may soon face tougher regulations Post by: BitcoinXio on June 06, 2016, 02:12:29 PM According to an updated story from Reuters, the Phillippine Central Bank is looking to regulate bitcoin operators to help combat money laundering; this list includes bitcoin exchanges, brokers, remittance companies, and money transmitters in the Phillipines.
Read more: http://bitcoinx.io/news/articles/bitcoin-exchanges-in-the-philippines-may-soon-face-tougher-regulations/ Title: Re: [2016-6-6]Bitcoin exchanges in the Philippines may soon face tougher regulations Post by: Dank14 on June 07, 2016, 09:11:44 AM I understand the need to avoid money laundering but I hope the bitcoin exchanges won't have to increase their fees as a result of these regulations...
Title: Re: [2016-6-6]Bitcoin exchanges in the Philippines may soon face tougher regulations Post by: BitcoinXio on June 07, 2016, 02:29:22 PM I understand the need to avoid money laundering but I hope the bitcoin exchanges won't have to increase their fees as a result of these regulations... That's a good point which is bound to happen. In order for exchange to be compliant, they more than likely will need to hire a compliance officer(s) which means the exchange will have to offset that cost somehow. |