IMF Believes Philippines Is an Important Market for Cryptocurrency and Other Digital Assets

Published: January 3, 2020 | by Bitcoin Press News Team

The International Monetary Fund (IMF) has revealed that it sees the South East Asian nation as one of the most important markets for the growth of cryptocurrencies and other digital assets. In a technical assistance report on financial and monetary data for the country, the IMF stated that the Philippines may become an important market for crypto assets.

Hence, it has urged the relevant authorities in the country to make the process of collecting transaction data more efficient. In the report, that assesses the period ending in July 2019, the IMF revealed that three more virtual currencies have been authorized […]