Philippine Bank added cryptocurrency trading and storage

Union Bank of the Philippines plans to offer cryptocurrency trading and storage services to benefit from fastimplementation of digital tokens.

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Five years later, the average Filipinoan investor is likely to hold between 3% and 5% of personal assets in digital assets such as bitcoin, provided that the markets are stable. This opinion is shared by the head of the applied programming interface group of the bank Kathy Kasac.

According to her, many crypto investors are young people, many of whom earn tokens in plow-to-earn virtual games.

According to Kasac estimates, about 5% of the local population has encountered cryptocurrencies, which, according to the operator of the world's largest cryptocurrency exchange Binance Holdings Ltd., is in line with the average.

At the same time, the Governor of the Central Bank of the PhilippinesBendzhamin Diokno ppedoctepog From invectitsy in kpiptovalyuty, zayaviv, they are normally chto mogut "ppedctavlyat opacnoct for financovoy cictemy" pockolku they are normally udobny for nezakonnyx deyctvy, takix HOW otmyvanie deneg and financipovanie teppopizma.

Regulators around the world are paying attention tothe rapidly growing appeal of cryptocurrencies, and some of them are taking steps to limit consumer access to them. This week, Singapore banned the advertising of crypto companies, citing the volatility of crypto assets.

On January 20, the Central Bank of Russia issued ainitiative to prohibit any operations with cryptocurrencies, including their mining. It is planned to make appropriate changes to the legislation and provide fines as a punishment.

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