Philippines Regulator Issues Warning on Digital Currencies
Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has issued a warning on bitcoin which echoes similar statements issued by regulators worldwide over the past few months. BSP acknowledged that digital currencies like bitcoin are "now being exchanged in the Philippines" but stressed that they remain a relatively risky investment. Additionally, it warned that digital currencies and digital currency exchanges are not regulated by national regulators and thus consumers would not be protected from losses if an entity holding digital currencies went under. No shortage of....
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