IMF sees huge potential for crypto adoption in the Philippines market

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

The International Monetary Fund has recently released a report on the crypto situation in the Philippines, urging the country to start collecting crypto transaction data.

The country has 13 working exchanges at this time, and the IMF thinks that it is important to learn who is making transactions through them.

The country holds great potential for the adoption of cryptocurrency, claims the report, and it needs to prepare for the emergence of additional crypto players. According to recent reports, the International Monetary Fund (IMF) recently encouraged the Philippines to work on the way the country collects […]