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| comment | | "parent_author":"",<br>"parent_permlink":"virtual",<br>"author":"resteemedvote",<br>"permlink":"only-virtual-currencies-converting-to-fiat-will-require-oversight",<br>"title":"Only Virtual Currencies Converting to Fiat Will Require Oversight",<br>"body":"The bank has started to notice the millions of dollars worth of bitcoin traded and converted to national currencies in the Philippines. So far the BSP has been reviewing bitcoin and cryptocurrency exchange applications for licensure in the country. So far 12 businesses applied for the regulatory approval,<br> and just recently five more companies were added to the list of applicants. Two trading platforms have been approved by the BSP: Coins.ph,<br> and Rebittance.\n![Chuchi-Fonacier-AMF-2014-1024x681.jpg (https:\/\/steemitimages.com\/DQmaMx9XAJjNhqtFY6hDPsDiFkxxNfER1134SjcBwJ9YE7W\/Chuchi-Fonacier-AMF-2014-1024x681.jpg)\nThis past November BSP Governor,<br> Nestor Espenilla,<br> talked about Initial Coin Offering (ICO) regulation and legalizing bitcoin as a security. \u201cThe [BSP has an open-minded approach to fintech (financial technology). This means that we take a very active role in ensuring that our policies provide opportunities for innovation,<br>\u201d\u00a0explained\u00a0Espenilla at the time.\n\nLink:https:\/\/news.bitcoin.com\/the-philippines-central-bank-considers-regulation-standards-for-bitcoin\/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications",<br>"json_metadata":" \"tags\":[\"virtual\",<br>\"currency\",<br>\"fiat\",<br>\"money\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmaMx9XAJjNhqtFY6hDPsDiFkxxNfER1134SjcBwJ9YE7W\/Chuchi-Fonacier-AMF-2014-1024x681.jpg\" ,<br>\"links\":[\"https:\/\/news.bitcoin.com\/the-philippines-central-bank-considers-regulation-standards-for-bitcoin\/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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