Recognizing the importance of cryptocurrency in today’s modern world, the National Stock Exchange (NSE) of the Philippines has said that digital coins will be part of the trading portfolio on its platform. The stock exchange applies stringent investors’ safety norms, and its state-of-the-art infrastructure will ensure that crypto trading can be done safely and securely.
Revealing the intent of the stock exchange, its president and chief executive officer, Ramon Monzon, said that in today’s world, it is impossible to ignore cryptocurrency as an attractive assets class. This shows that the exchange embraces the idea of digital coins, and very soon, we’ll see crypto trading on the country’s NSE.
The matter was already discussed during the high-profile meeting, which involves the top executives of the trading platform. Now, it’s just a matter of time before we have an official announcement in this regard. The top echelon of the exchange also quoted saying that they are not in a position to comment on the exact time frame of the introduction of cryptocurrency trading as rules in this regard are not yet cleared by the statutory authorities.
Securities and Exchange Commission is a regulator of trading practices in the Philippines, and it is yet to clear its stand on cryptocurrency trading. Once the guidelines and rules from the SEC are cleared, the introduction of digital coins on the stock exchange of the Philippines will roll out.
There is no denying that cryptocurrency trading is fast gaining popularity among target audiences across the globe. It’s likely to get further traction in coming years, and this explains the urgency with which many stock exchanges are vying for the adoption of digital coins. Once the Philippines have the clarity of rules and regulations related to cryptocurrencies, it’ll become easy not only for the stock exchange but also for investors to do trading of digital coins.
