IMF recommends Philippine central bank to collect data on cross-border cryptocurrency transactions

According to Cointelegraph today, in a technical assistance report released by the International Monetary Fund (IMF) on December 30, the Philippine central bank was suggested to start exploring the possibility of collecting data on the cross-border flow of encrypted assets. The report states that the Philippines could become an important market for crypto assets, as the Philippine Statistics Bureau (BSP) recently approved the operation of three other virtual currency exchanges (VCEs), bringing the total number of approved virtual currency exchanges to 10.