The Philippine Central Bank recently approved new rules and regulations governing the operation of virtual currency exchanges. Bangko Sentral ng Pilipinas (BSP) defines virtual currency (VC) as, “any type of digital unit that is used as a medium of exchange or a form of digitally stored value created by agreement within the community of VC users.”
http://bravenewcoin.com/news/the-philippines-central-bank-approves-new-bitcoin-exchange-regulation/
http://bravenewcoin.com/news/the-philippines-central-bank-approves-new-bitcoin-exchange-regulation/
wow, its really a very good news for all pilipino's who's investing with bitcoin after this news for sure there would be more information regarding to this vc, as we knew that bitcoin really making a good move in our country so its much better for the government to their moves.