[2016-6-6]Bitcoin exchanges in the Philippines may soon face tougher regulations

[BitcoinXio]

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/

[Dank14]

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...

[BitcoinXio]

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.