With Digital token regulations in the Southeast Asia region still in obscurity, big players like China and India struggling to have a legislative framework governing the cryptocurrency. Despite the uncertainties, however, Philippines is planning to set foot in the industry following the rise in the usage of digital tokens globally.
The Philippines Stock Exchange (PSE) is looking to bring cryptocurrency trading on its platform, quoting efficient existing trading infrastructure in place as well as comprehensive protection safeguards for investors.
Ramon Monzon, the President and Chief Executive Officer (CEO) of the PSE said that the organisation is currently expecting guidelines on cryptocurrency and digital assets trading from the Securities and Exchange Commission (SEC).
The PSE, admitting to the significance of cryptocurrency trading globally, believes in bringing the crypto framework to the existing exchange would be safer to the people in comparison to trading with foreign exchange companies.