The Philippine central bank, SEC, and several executives from the crypto industry discussed regulation in a Senate hearing. cryptocurrency bitcoin binance
The central bank and the Securities and Exchange Commission 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 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.
The regulators and industry participants discussed several initiatives key to establishing policies and guidelines for fintech and digital assets, the publication conveyed. BSP Deputy Governor Chuchi Fonacier talked about the central bank’s sandbox approach to crypto regulation, including conducting research into the formation of digital asset policies.
Stern shared: “We strongly believe that the crypto industry can greatly benefit the Filipino people through addressing the necessity of financial inclusion through digitalization.” The Binance manager for the Philippines added:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Chairman Says Crypto Should Be Treated Same as Other Capital Markets – Regulation Bitcoin News'There's no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology,' said SEC Chair Gensler. cryptocurrency bitcoin
Read more »
Bitstamp Sees 'Massive Crypto Interest' From Institutional Clients – Regulation Bitcoin NewsThe CEO of a major cryptocurrency exchange Bitstamp says that his platform is seeing 'massive crypto interest' from institutional clients. bitcoin $BTC
Read more »
Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say – Mining Bitcoin NewsPersisting differences between government institutions are hindering the advance of legislation tailored to regulate crypto mining in Russia.
Read more »
Why $20.8K is a critical level for Bitcoin | Find out now on Market Talks with Charlie BurtonJoin us as we discuss Bitcoin's critical support level and other topics with Tim Warren, co-host of Coffee N Crypto, and Charlie Burton.
Read more »
Ghana Central Bank Announces Launch of Regulatory Sandbox – Africa Bitcoin NewsThe sandbox ostensibly helps the BankofGhana better understand innovative products while allowing 'for potential improvements to legal and regulatory requirements.' innovation regulation
Read more »
World's Largest Crypto ATM Company Bitcoin Depot to Go Public via SPAC Deal – Bitcoin NewsThe $885 million acquisition deal with GSR II Meteora (GSRM) will make the BTC ATM operator Bitcoin Depot a publicly-traded company listed on Nasdaq.
Read more »