Central Banks of Philippines Says Fiat-to-Crypto at $40 Million per Month

Cryptocurrency News

The cryptocurrency conversions reach $40 million in recent months as confirmed by the Central Bank Official of Philippines, Bangko Sentral ng Pilipinas (BSP). The deputy director of BSP, Melchor Plabasa commented, “[Bitcoin is] like any other monetized instrument [and even] an investment instrument. There are risks, but essentially it can be managed.”

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