Just heard the news about the regulation. I think that is the reason why there are transaction limitations in the local wallet and exchange company. On other side, it will help to protect the citizen to fraudulent activities.
I use the local Coins.ph, it comes with a mobile wallet and also comes with services such as remittances, air-time, bill payments, and online shopping at over 100,000 merchants who accept digital currency and it operates in the Philippines and Thailand.