Philippine Stock Exchange Plans To Become A Cryptocurrency Trading Platform
According to a recent report, the stock exchange in the Philippines is targeting to be the forerunner of cryptocurrency trading in the country.
Once the SEC and financial regulators give their go-ahead guidelines, the stock exchange plans to kick-start the plan. It seems that the Philippine Stock Exchange has been waiting for this approval and preparing for it.
According to what CEO Ramon Monzon and PSE President disclosed to our source, the stock exchange management met two weeks ago about this idea. The discussion leaned towards establishing a cryptocurrency exchange in the Philippines.
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Bitcoin was nothing but a fancy phenomenon when it was first unveiled in 2009. Futurists and technicians tried to woo the public with interesting projections but it was not drawing much attention from the investment world. The whole idea of having a world with crypto did not seem to add up. Many did not know the potential that crypto carried, and in fact,
some people were even offered Bitcoin for free and they rejected it. Today, bitcoin is one of the world’s leading crypto that has turned around the lives of many smart investors; typically what you can call from grass to grace.
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