It is only a matter of time before cryptocurrencies are traded directly on the stock exchange, starting in the distant Philippines.
As soon as the competent authority gives the green light, the stock exchange will offer this service.
According to the president and CEO of the organization, Ramon Monzon, “if there should be a transaction of cryptocurrencies in the country, then it should be done on the Stock Exchange, because, firstly, there is all the necessary infrastructure and, secondly, in this way investors are protected from fraudsters “.
Cryptocurrencies are undoubtedly highly volatile, so the competent authority is trying to adjust the operating framework to protect investors.
In this regard, it is worth noting that in early 2021 the Philippines required companies operating in the cryptocurrency industry to obtain an operating license, otherwise they will not be allowed to operate.
