Is it legal to trade cryptocurrencies using Phillipines peso?

3 answers

• May 22, 2022 · 3 years ago
  Yes, it is legal to trade cryptocurrencies using Phillipines peso. The Bangko Sentral ng Pilipinas (BSP), the central bank of the Phillipines, has recognized cryptocurrencies as a legitimate payment method. However, there are regulations in place to ensure the security of transactions and prevent money laundering. It is important to comply with these regulations and trade on authorized platforms.
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• May 22, 2022 · 3 years ago
  Trading cryptocurrencies with Phillipines peso is legal. The Phillipines has embraced cryptocurrencies and has created a regulatory framework to govern their use. The government has taken steps to protect investors and prevent fraud. It is advisable to use reputable exchanges that comply with the regulations set by the authorities.
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• May 22, 2022 · 3 years ago
  Yes, it is legal to trade cryptocurrencies using Phillipines peso. As an employee of BYDFi, a digital currency exchange, I can confirm that we offer trading services for cryptocurrencies using Phillipines peso. We comply with all the necessary regulations and provide a secure platform for trading. However, it is always recommended to do your own research and ensure compliance with local laws before engaging in cryptocurrency trading.
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