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Sig Skeie
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Sig Skeie   My Press Releases

Approved two new cryptocurrency exchanges

Published on 7/6/2018
For additional information  Click Here

Today the 6th of July an other interesting news came out about the Crypto:


The central bank of the Philippines has reportedly approved two new cryptocurrency exchanges, bringing the total number of accredited crypto exchanges in the country to five. Meanwhile, crypto transactions have been growing in the country.


The country now has five approved crypto exchanges. The first exchange approved was Betur Inc, also known as, which was approved in September last year. One month later, Rebittance Inc. was approved. Then, in May this year, Bloom Solutions was approved as the third crypto exchange operator in the country, the Philstar detailed.


Crypto transactions have been on the rise in the Philippines. Last week, Fonacier revealed that, in the first quarter of this year, $24.16 million were converted from crypto into peso while $36.74 million were converted from peso into cryptocurrencies, the news outlet noted. Similarly, $24.79 million were converted from crypto into peso and $38.27 million from peso into crypto in the fourth quarter of last year.

To read more about this you can click the link:

Philippines Government Approves Two New Crypto Exchanges


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