Central Bank will not just allow exchanges to operate easily. As far as the article stated:
It is difficult for anyone to obtain a license from BSP for any cryptocurrency related business. But the permission of CEZA comes with several restrictions as well.
Di rin natin masasabi na may anomalya sa mga new approved. Para lang sa info ng iba, yang approval is di ginawa overnight. It took long period sa ilan and dumaan sa nakahabang proseso. Present ang mga high authorities dyan including owners. Masyadong mahigpit ang BSP. If those exchanges able to comply to the requirements required by BSP or CEZA, then that's it. Registered companies na ang mga owners nyan and once magkaroon ng anomalya, lintek na abala ang mangyayari sa kanila.
Mas less risk pa nga gamitin ang mga yan compare sa unregulated global exchanges na kapag nagkaroon ng exit scam, walang habol ang mga users.
Ngayon if talagang worried, stick with those local exchanges na matagal na sa serbisyo. Ganun lang ka-simple.
BSP-registered VC exchanges are now required to put in place adequate safeguards to address the risks associated with VCs such as basic controls on anti-money laundering and terrorist financing, technology risk management and consumer protection.