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 […]
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The national stock exchange of the Philippines, the PSE, says cryptocurrency is “an asset class that we cannot ignore anymore.” The stock exchange further says cryptocurrency trading “should be done at the PSE,” given its infrastructure and investor protection safeguards. The Philippine Stock Exchange (PSE), the national stock exchange of the Philippines, is reportedly eyeing cryptocurrency trading. President and CEO Ramon Monzon said Friday that the PSE should be the exchange platform for crypto assets, CNN Philippines reported Friday. Noting that the matter was....
The Philippine Stock Exchange is waiting for the local SEC to issue guidelines for crypto trading. The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the country.On Friday, July 2, CNN reported that PSE president and CEO Ramon Monzon said the local bourse should be the country’s first exchange platform for crypto assets. He stated: “If there should be any exchange for cryptos, it should be done at the PSE. Why? Number one, it's because we have the trading infrastructure. But more importantly, we'll be....
Philippine crypto exchange Pdax recently suffered a costly technical failure – one that led to bitcoin trading at 300,000 Philippine pesos (around $6,000) – a discount of 88% to its current price. In the melee, some users managed to buy at these ridiculously low prices and quickly moved the bitcoin (BTC) away from their exchange wallets before the error was detected, local news outlet Bitpinas reported. The actual amount of BTC hoarded at the $6,000 give-away price is not clear. However, the Philippine Digital Asset Exchange, or Pdax, is now demanding that users return the....
Overstock.com hinted it will begin selling stock on its T0 platform, a blockchain-based platform for trading equities which it announced last year, according to Venture Beat. Judd Bagley, the company’s communications director, announced the company plans to move forward at the Money20/20 conference in Las Vegas, emphasizing T0’s advantages over traditional equities trading systems. Bagley said Overstock, unlike other innovators, is not going to hold back in the area of fintech innovation. He noted the company, being from Utah, is taking a “burn it down and start over” approach. Technically....
Myanmar’s Yangon Stock Exchange (YSX) will be establishing a Blockchain-based stock exchange with the help of Daiwa Securities Group, a Tokyo-based financial company, in order to integrate Daiwa’s equity trading into the Yangon exchange platform for the purposes of improved recordkeeping. Currently, both Daiwa and YSX are testing the Blockchain platform and are in discussions with government officials to fully use the Blockchain concept for all YSX trading within a period of two years, after completing months of successful testing. According to Nikkei, the Blockchain stock exchange proved....