Virtual Currency Exchange: Overview and Advantages

In this article, we are going to know what is a Virtual Currency Exchange (VCE) and its advantages in the Philippine setting. Due to the rise in the use of cryptocurrencies particularly the bitcoin, the central bank of the Philippines called the Bangko Sentral ng Pilipinas (BSP) has established a formal regulatory framework that refers to as Virtual Currency Exchange (VCE) to provide an environment that promotes financial innovation without sacrificing the integrity and stability of the current financial system.