ANOTHER virtual currency exchange (VCE) has been given the green light to operate in the Philippines, according to the Bangko Sentral ng Pilipinas (BSP).

In an advisory on Monday, the central bank said that a total of 11 VCEs have been operating in the Philippines as of May 31, with Makati City-based Bitan Moneytech Co. Ltd. Inc. being the latest to secure regulatory approval.

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