Philippine Stock Exchange Eyes Cryptocurrency Trading – “It’s an Asset Class That We Cannot Ignore Anymore”
Philippine Stock Exchange (PSE) is the national stock exchange of the Philippines, says cryptocurrency is “an asset class that we cannot ignore anymore.” The stock exchange further says cryptocurrency trading “should be done at the PSE,” given its infrastructure and investor protection safeguards.
The Philippine Stock Exchange (PSE), the national stock exchange of the Philippines, is reportedly eyeing cryptocurrency trading. President and CEO Ramon Monzon said Friday that the PSE should be the exchange platform for crypto assets, CNN Philippines reported Friday.
CEO Ramon Monzon said: “It’s an asset class that we cannot ignore anymore.” He was quoted as saying:
“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 important, we’ll be able to have investor protection safeguards especially with a product like crypto.”
He explained that many people are attracted to cryptocurrencies because of the volatility of the market. He also warned “Instant riches could be instant poverty too.”
He also said that they are not in a position to do that now because they don’t have rules yet from the regulator.
“We’re waiting for the rules from the Securities and Exchange Commission (SEC) on how crypto or digital asset trading will be governed.”
▶️ HEADLINES
