With risks of using crypto currency you can cope, otherwise - it's a regular instrument of the money market and the object of investment. This opinion was expressed by the deputy head of the Central Bank of the Philippines Melchor Plabasan in an interview with the local news television channel ABS-CBN. In this he stressed that the central bank considers bitcoin as a payment and settlement instrument. Also, a representative of the financial regulator warned about the risks of using crypto currency for accumulation and investment, which are caused by high volatility of the exchange rate.
It should be noted that the monthly volume of crypto-currency transactions in the Philippines reached $ 6 million.