Philippine Stock Exchange Contemplates Offering Cryptocurrency Services


Philippine’s national stock exchange, the Philippine Stock Exchange (PSE), is believed to have its eyes on cryptocurrency trading. The president of the PSE, Ramon Monzon, in an interview with CNN Philippines last Friday noted that the stock exchange should offer cryptocurrency trading for interested parties.

Monzon noted that the suggestion was discussed in a top management meeting recently, adding that “It’s an asset class that we cannot ignore anymore.” The PSE president stated that:

“If there should be any exchange for cryptos, it should be done at the PSE. Why? Number one, it’s because we have the trading infrastructure. But more importantly, we’ll be able to have investor protection safeguards, especially with a product like crypto.”

Philippine Stock Exchange Is Awaiting Directives from the Central Bank

Monzon explained that many individuals are trooping into cryptocurrencies “because of the volatility” it offers. However, the executive warned that “Instant riches could be instant poverty too.” The chief executive of the stock exchange noted that “Unfortunately, we are not in a position to do that now kasi wala pa tayong rules from the regulator eh (because we don’t have rules yet from the regulator).” Monson added that:

“We’re waiting for the rules from the Securities and Exchange Commission (SEC) on how crypto or digital asset trading will be governed.”

So far, the Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has registered 17 cryptocurrency exchanges in the country.

The central bank (BSP) developed guidelines for crypto asset service providers in January after witnessing “accelerated growth” in the crypto space over the past three years. The apex bank noted in a publication that:

“It is high time that we broaden the scope of existing regulations in recognition of the evolving nature of this financial innovation and set out commensurate risk management expectations.”


You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.