The Philippines Has Decided to Regulate Bitcoin Exchanges as Remittance Companies – Cryptonight

I’ve always maintained a stance that unregulated money days are never going to be months (read: Bitcoin Remittance Transfers: What Central Banks look for in Remittances?). They will be the short equivalent of weeks. Bitcoin is no exception. Recently one of the darling countries with regards to Bitcoin, Philippines, has decided to regulate bitcoins.

Our good friend and the neighborhood expert on Bitcoin Remittances, Luis Buenaventura has written an excellent piece that deconstructs the regulatory notice as published by the Philippines Regulator with regards to bitcoin. Certainly worth a read.

The Philippines has long been one of the hubs for Bitcoin remittance innovation, and local founders have always said that it was only a…

Source: The Philippines Has Decided to Regulate Bitcoin Exchanges as Remittance Companies – Cryptonight

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