Philippines Want To Strengthen Control Over Bitcoin Stock Exchanges

The guide of the philippine central bank (bsp) stated the issue of the bitcoin exchange operations of the bitcoin exchange operations of the bitcoin exchange operators is currently discussed. This was stated by depeuty governing bsp nestor epitilla, writes reuters.

Bsp considers it necessary to strengths of financial institutions. This decision was made after hacking swift systems and the us federal reserve and the abduction of $ 81 million from the central bank bangladesh. At the moment, a special unit have been created, which will monitor and prevent threats from outside.

In order to combat money laundering, bsp is considering the possibility of adopting a new regulation for institutions that carry out operations with bitcoin. These include stock exchanges, brokers and firms specializing in money transfer.

Previously, the central bank of the philippines has already stated a cryptocurrency, arguing that they will not be able to guarantee the protection of consumer rights in financial losess. However, in october 2015, the management noted the big potential of the bionkchain ​​technology, although bitcoin was still at the primary stage of development.

Filipinos are increasingly used cryptocurrency. Only for the first decade of 2015 the number of users has double in comparison with 2014. Nestor epitilla announced the data according to which the monthly turnover of the country is $ 3 million.