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Cryptocurrency exchanges could be allowed to operate as trading platforms in PH

4 months 1 week ago #44 by nfuderanan
Cryptocurrency exchanges could be allowed to operate as trading platforms in the Philippines given growing global interest in virtual currencies, the Securities and Exchange Commission (SEC) said.

SEC Commissioner Ephyro Luis Amatong told reporters last week that regulators were targeting the release of draft rules by the end of next week.

“We see the need to regulate them as trading platforms,” Amatong said, given the SEC’s mandate to protect the investing public.

Virtual currency exchange (VCE) rules of Australia and Switzerland are being reviewed as possible templates, he added.

www.manilatimes.net/cryptocurrency-trading-rules-eyed/437546/

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