Philippines Will Stop Accepting Crypto License Applications for 3 Years !

[tokyohd]

The central bank of the Philippines, Bangko Sentral ng Pilipinas, has announced that it will stop accepting crypto license applications for three years, starting next month. The central bank is the primary regulator of the crypto sector in the Philippines.

Full Details
https://news.bitcoin.com/philippines-will-stop-accepting-crypto-license-applications-for-3-years-regulator-says/

[coupable]

Besides the growing fears of the emerging market, especially for governments that do not have enough experience to deal with all the changes in this market, they will follow the general wave.
A country such as the Philippines may really need to adopt modern technology, but it may not be able to adequately absorb the matter, and this is certainly due to all the recent changes in the market, the most important of which is the decline in price and the abandonment of large companies such as Tesla from their bitcoin savings .