The Philippine Stock Exchange (PSE) has reportedly acknowledged that cryptocurrency is an asset class that can no longer be ignored amid increased interest in Bitcoin and other crypto assets among Filipinos.
PSE president and CEO Ramon Monzon said that the local bourse should also be the country’s exchange platform for digital assets and that the matter has already been discussed in a top management meeting, according to CNN Philippines.
Monzon also cited the reasons why any exchange for cryptos should be conducted at the PSE.
“It’s because we have the trading infrastructure. But more important, we’ll be able to have investor protection safeguards especially with a product like crypto,” Monzon explained.
