Tag: Philippines

Philippines will Tighten Regulations for Bitcoin Operators and Exchanges

The Philippine central bank has announced their plans to regulate “bitcoin operators” on Saturday morning, as a part of their ongoing program to improve the cyber security systems of banks and alternative financial institutions. The nation’s central bank is particularly concerned with the vulnerability of Swift messages and its potential negative effect on the country’s existing banking systems. Central bank deputy governor Nestor Espenilla told Reuters in an exclusive interview …
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