Latest credential na ipinatupad ng Bangko Sentral ng Pilipinas ay ipinapakita ang commitment ng Coins.ph's to operate responsibly sa loob ng regulatory framework sa Pilipinas.
Coins.ph, ("Coins" or the "Company"), ang leading digital wallet provider and crypto exchange platform sa Pilipinas ay nabigyan ng Bangko Sentral ng Pilipinas (BSP) ng Advanced Electronic Payment and Financial Services (EPFS) license covering the operation of the Coins Pro exchange.
Ang approval of Coins' EPFS license ay isang mahalagang enabler para sa Coins Pro, a professional-grade order book exchange available to all Coins.ph users. Pwedeng bumili at magbenta ang Coins Pro ng digital currencies at larger volumes for lower fees. Users can place market, limit, and stop-limit orders across more than 20 PHP spot trading pairs, making it the market's most complete crypto exchange offering.
"Being granted an advanced EPFS license is a huge milestone for Coins.ph and solidifies our position as the most trusted crypto platform in the Philippines. We have always been committed to working with regulators to ensure appropriate oversight of this fast-growing industry at the intersection of technology and finance,"
"Coins was the first crypto company in Asia to gain multiple licenses from a central bank back in 2017, and we have continuously operated within the Philippines' legal framework. The advanced EPFS license will facilitate more transparency and safeguards, as it ensures that we can continue to provide secure and reliable services to our users. It will also enable significant upgrades to Coins Pro, our proprietary order book exchange."
- Wei Zhou, Coins' Chief Executive Officer
Coins ay ang unang VASP (Virtual Asset Service Provider) na mabigyan ng Type A EPFS license, na traditionally ay reserved para sa banks. Ang advanced EPFS license ay designed para mag-promote ng efficient and inclusive national payment system as it enables oversight of BSP-supervised financial institutions that facilitate online transactions through digital products and services.
"We truly appreciate the sincere effort that the BSP's leadership has made to understand the digital assets space in order to craft well-thought-out rules that protect consumers while encouraging innovation. We're excited to continue leading the development of this industry as a responsible player," added Mr. Zhou.
BSP has previously granted Coins.ph a Virtual Asset Service Provider (VASP) license, an Electronic Money Issuer (EMI) license, and a Remittance and FXD/MC license. Patuloy ang pag-observe ng Coins sa strict compliance with all applicable rules and regulations, and is trusted by more than 18 million users to serve as the gateway between Web2 and Web3.
For more information about Coins.ph, visit https://coins.ph and follow us on Facebook, Twitter, and Instagram.
About Coins.ph
Launched in 2014, Coins.ph is the most established crypto brand in the Philippines and has more than 16 million users. Through the easy-to-use mobile app, users can buy and sell a variety of cryptocurrencies and access a wide range of financial services. Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas and is the first crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from the central bank.
The English version of the press release is published here.
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