BSP Approves Exchanges 2 Operators

[barfine]

http://www.philstar.com/business/2017/08/19/1730418/bsp-approves-registration-2-bitcoin-exchange-operators

The central bank of the Philippines has granted licenses to two local bitcoin exchanges, according to reports.

Daily newspaper The Philippine Star reported the developments on Sunday, citing statements from central bank chief Nestor Espenilla Jr.

The Bangko Sentral ng Pilipinas first released its rules for domestic exchanges in February, seeking to lay down a foundation for the country's nascent cryptocurrency space. Yet the central bank has seen relatively little interest from prospective applicants, according to one official who commented to local media in late July.

That said, Espenilla, who spoke during a financial technology event over the weekend, indicated that the central bank is being proactive about bringing exchanges under its regulatory auspices.

"We see a rapid increase in the trajectory. It is coming from a small base but increasing – that is why we decided to require them to register," he told attendees.

Espenilla also offered some figures on the local bitcoin trade, according to the news source, saying that exchanges are seeing as much as $6 million in volume a month – a figure that represents three times the $2 million per month seen last year.

"We are moving to regulate them," Espenilla emphasized.


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Anyone interested in starting an exchange?   Pm me please.  

[Hagmonar]

Wow mukhang gaganda pa lalo ang bitcoin sa pinas kapag nagkaroon ng sariling exchanger ang mga pinoy mas lalong dadami ang mga pilipino na gagamit at mag invest sa bitcoin magamdang balita ito para sa ating mga pilipino at lalo na sa mga OFW

[icobits]

Goodnews for us, Waiting for somebody to put up a trading platform for BTC/PHP  pair, its the right time since majority of 90's kids are into bitcoin, while the millennials are busy with kathniel

[ofelia25]

Base sa pagkakaintindi ko po kasi ay kinikilala ng ating bansa ang bitcoin bilang magandang oportunidad sa ating lahat, yan naman ang maganda sa ating gobyerno open sila sa ganyan hindi tulad sa ibang bansa na binaban agad dahil alam nilang magagamit to sa illegal na paraan sa atin positive side ang nakikita nila.

[npredtorch]

Nice, mas mauunawaan na ng mga filipino ang crypto pag nakapag establish ng sariling ating exchanges. If mafeature lang sana sa any television channel ung khit sa bitcoin and how it works mas llawak pa at dadami tayo dito sa forum, laking tulong nun. Pag nagkatotoo, for sure may mga magsusulputan na businesses that will accept btc on their services & products soon sa bansa ntin.

[dark08]

Nice, mas mauunawaan na ng mga filipino ang crypto pag nakapag establish ng sariling ating exchanges. If mafeature lang sana sa any television channel ung khit sa bitcoin and how it works mas llawak pa at dadami tayo dito sa forum, laking tulong nun. Pag nagkatotoo, for sure may mga magsusulputan na businesses that will accept btc on their services & products soon sa bansa ntin.

Ou nga po napakagandang balita ito para sa ating mga pinoy, mas mauunawaan na nila kung anu nga ba ang cryptocurrency at tyak ko mas dadami na ang tatangkilik dito kaya para sa akin dipa talaga huli ang lahat. Sana lang mapalabas ito sa television para dumami ang magkaroon ng interest dito alam naman natin na dipa ganun kakilala ang bitcoin sa atin bansa kaya ito na siguro ang pagkakataon para makilala nila ito.

[pinoycash]

Incomplete news, they didn't even write which exchange company they approve license for operation. But still Goodnews for every bitcoin user in the Philippines.

[blockman]

Incomplete news, they didn't even write which exchange company they approve license for operation. But still Goodnews for every bitcoin user in the Philippines.

Parang medyo may pagka bias na hindi inindicate kung anong exchange yung inapprove sa tingin ko sa philstar sinabi ng BSP kung anong exchange yun. Ayaw lang nila siguro ng libreng advertisement pero balik tayo sa napaka gandang balita, sa madaling salita, lehitimo na ang bitcoin sa bansa natin at mas lalong lalakas na demand nito.

[barfine]

Incomplete news, they didn't even write which exchange company they approve license for operation. But still Goodnews for every bitcoin user in the Philippines.

You would have to think, one of them would have been coins.ph as they are technically an exchange, they exchange BTC for PHP so they would be one of them.

[xtrump101]

Incomplete news, they didn't even write which exchange company they approve license for operation. But still Goodnews for every bitcoin user in the Philippines.

You would have to think, one of them would have been coins.ph as they are technically an exchange, they exchange BTC for PHP so they would be one of them.

Kung coinsPh lang naman ay nako wag nalanh, kung sa services palang nila ngayun di maganda feedback sa customer support  tapos expand more on trading platform including altcoins nako masakit sa ulo yan haha, pero malay natin theyll improve this time well see

[Similificator]

http://www.philstar.com/business/2017/08/19/1730418/bsp-approves-registration-2-bitcoin-exchange-operators

The central bank of the Philippines has granted licenses to two local bitcoin exchanges, according to reports.

Daily newspaper The Philippine Star reported the developments on Sunday, citing statements from central bank chief Nestor Espenilla Jr.

The Bangko Sentral ng Pilipinas first released its rules for domestic exchanges in February, seeking to lay down a foundation for the country's nascent cryptocurrency space. Yet the central bank has seen relatively little interest from prospective applicants, according to one official who commented to local media in late July.

That said, Espenilla, who spoke during a financial technology event over the weekend, indicated that the central bank is being proactive about bringing exchanges under its regulatory auspices.

"We see a rapid increase in the trajectory. It is coming from a small base but increasing – that is why we decided to require them to register," he told attendees.

Espenilla also offered some figures on the local bitcoin trade, according to the news source, saying that exchanges are seeing as much as $6 million in volume a month – a figure that represents three times the $2 million per month seen last year.

"We are moving to regulate them," Espenilla emphasized.


--------------

Anyone interested in starting an exchange?   Pm me please.  

If this is actually true and not just another made up news, then i say this would be a great thing for filipinos specially now that a lot of people in the philippines are really into crypto currencies and wants to be part of the new trend. This will be a good thing for the both the filipinos and other people around the world for it will add up huge amounts in terms of market prices for bitcoins which we all can agree that we do want.