Philippine Stock Exchange wants to launch local crypto markets first

Philippine Stock Exchange wants to launch local crypto markets first

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....


Related News

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 […]

Philippine Stock Exchange Eyes Cryptocurrency Trading — Says ‘It’s an Asset C...

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....

Philippine Crypto Exchange Demands Users Return Bitcoin Bought at $6,000 Foll...

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....

Stock Exchange of Thailand to Launch Digital Asset Exchange ‘Very Soon’

The Stock Exchange of Thailand is getting ready to launch a digital asset exchange. The president of the Thai bourse expects the country’s crypto regulator, the Thai Securities and Exchange Commission (SEC), to approve the launch “very soon.” Stock Exchange of Thailand Prepares to Launch a Digital Asset Exchange The president of the Stock Exchange of Thailand (SET), Dr. Pakorn Peetathawatchai, discussed the SET’s upcoming digital asset exchange in an interview with Bloomberg, published Sunday. He explained: We expect that our regulator, the SEC, will give an....

Philippine Lawmakers, Central Bank, SEC Discuss Crypto Regulation in Senate H...

The central bank and the Securities and Exchange Commission (SEC) of the Philippines discussed crypto regulation in a Senate hearing with the participation of several executives from the crypto industry, including from crypto exchange Binance. Philippine Regulators Discuss Crypto Policies Philippine regulators recently discussed cryptocurrency regulation with some executives from the crypto industry in a Senate Committee on Banks, Financial Institutions, and Currencies hearing, chaired by Senator Mark Villar, the Inquirer reported Wednesday. Bangko Sentral ng Pilipinas (BSP), the....