Local cryptocurrency exchange Coins.ph has established the Digital Asset Exchange Alliance (DAEA) together with other licensed exchanges in the region, namely Coinhako (Singapore), Indodax (Indonesia), and Bitkub (Thailand).
E-wallet provider and crypto exchange platform Coins.ph announced on Tuesday, Dec. 13, that the Bangko Sentral ng Pilipinas (BSP) has granted it an Advanced Electronic Payment and Financial Services (EPFS) license covering the operation of the Coins Pro exchange.
E-money payments in Southeast Asia, excluding the Philippines, grew to $26 billion in 2019 from $15 billion in 2018, according to S&P Global Market Intelligence’s latest Southeast Asia E-Money Market Report.
