It is already official, the exchange office designed specifically for the Philippine market PDAX, that will have several pairs of cryptocurrencies and tokens was granted the necessary permits by the Central Bank of the Philippines to perform cryptocurrency and Philippine peso trading.
Among the first cryptocurrencies listed in PDAX is Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and in the coming weeks more cryptocurrencies will be added.
image source: https://bitcoinexchangeguide.com/philippine-digital-asset-exchange-pdax-gets-clearance-for-crypto-license/
Nichel Gaba who is the CEO of PDAX commented the following:
“This is an exciting time not just for seasoned cryptocurrency traders,”
“but also for everyone who believes that the future of investing is digital. With the approval granted to us by the BSP, we hope to make financial markets more accessible to everyone.”
source: https://news.bitcoin.com/philippines-okays-pdax-crypto-exchange/
The PDAX is now considered the first cryptocurrency exchange fully licensed by the Central Bank of the Philippines to allow trading between the local currency and a variety of cryptocurrencies.