The country’s Central Bank has given a licence to PDAX– Philippine Digital Asset Exchange. It will trade a wide range of crypto tokens. This exchange emphasizes trade with the coins which are popular among locals– BTC, ETH, LTC, etc. More coins are going to be added in the short term.
This the first ever web-exchange, where citizens of the Philippines can buy and sell crypto for their local fiat peso, allowing a large number of local people to invest in this new innovative industry.
The exchange meets the necessary requirements, like anti-money laundering policy, security supervision, etc.