{"id":41592,"date":"2019-06-04T10:38:33","date_gmt":"2019-06-04T14:38:33","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=41592"},"modified":"2019-06-27T03:41:21","modified_gmt":"2019-06-27T07:41:21","slug":"bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592","title":{"rendered":"BitMEX Ventures Offers Capital To Philippine Digital Asset Exchange"},"content":{"rendered":"<p>BitMEX Ventures reported that it has put funds in Philippine Digital Asset Exchange (PDAX). This investment will allow the cryptocurrency exchange to establish a marketplace for digital assets. It is intending to provide trading in real estate equities, debt securities, and tokenized commodities. The cryptocurrency exchange, which is licensed by Bangko Sentral ng Pilipinas, provides access to financial services that else won\u2019t be available to people living in the Philippines.<\/p>\n<h2><strong>The need for change<\/strong><\/h2>\n<p>Nichel Gaba, who is the CEO and co-founder of PDAX, stated that a limited infrastructure in the nation has left customers struggling to access financial services and products. Through blockchain and digital assets, they intend to even the playing field to provide every resident in Philippine the ability to multiply their hard-earned wealth. The exchange is working closely with the watchdog to warrant the secure and safe selling and buying of cryptocurrencies as well as other digital assets at the optimum price on the market.<\/p>\n<p>Arthur Hayes, the CEO, and co-founder of BitMEX expressed that his crypto exchange witnesses a notable trading volume from customers in the Philippines. They are confident in PDAX\u2019s capability to grow cryptocurrency adoption in the nation while assisting the public to know more about digital assets.<\/p>\n<p>In April, Bitspark reported plans to issue a cryptocurrency attached to the Philippine peso. The CEO and co-founder, George Harrap, stated that with the release of peg.PHP, they plan to enhance the money transfer ecosystem. Currently, there are over 180 official currencies, and blockchain technology can unleash currencies that were earlier gridlocked into illiquid or isolated markets.<\/p>\n<p>As announced in March, six global banks including Banco Bradesco, Rizal Commercial Banking Corporation and Bank Busan finalized letters of intent to release their stablecoins supported by their country fiat currencies on IBM\u2019s system.<\/p>\n<p>Earlier in this year, the Philippines launched a new set of guidelines regulating Digital Asset Token Offerings. The new guidelines issued by the nation\u2019s Cagayan Economic Zone Authority are designed to govern the cryptocurrency market and safeguard investors, impacting such matters as the acquisition of crypto-assets, including security and utility tokens.   <\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX Ventures reported that it has put funds in Philippine Digital Asset Exchange (PDAX). This investment will allow the cryptocurrency exchange to establish a marketplace [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41593,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[13016],"tags":[13631,13630,13632],"stock_ticker":[],"class_list":["post-41592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-news","tag-arthur-hayes","tag-bitmex","tag-philippine-digital-asset-exchange-pdax","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BitMEX Ventures Offers Capital To Philippine Digital Asset Exchange - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMEX Ventures Offers Capital To Philippine Digital Asset Exchange - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"BitMEX Ventures reported that it has put funds in Philippine Digital Asset Exchange (PDAX). This investment will allow the cryptocurrency exchange to establish a marketplace [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-04T14:38:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-27T07:41:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/06\/cryptocurrency.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lisa Ray\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lisa Ray\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592\"},\"author\":{\"name\":\"Lisa Ray\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/c58aa72f5e3994c817e3654937496b1c\"},\"headline\":\"BitMEX Ventures Offers Capital To Philippine Digital Asset Exchange\",\"datePublished\":\"2019-06-04T14:38:33+00:00\",\"dateModified\":\"2019-06-27T07:41:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592\"},\"wordCount\":360,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/06\/cryptocurrency.jpg\",\"keywords\":[\"Arthur Hayes\",\"BitMEX\",\"Philippine Digital Asset Exchange (PDAX)\"],\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/bitmex-ventures-offers-capital-to-philippine-digital-asset-exchange-41592\",\"name\":\"BitMEX Ventures Offers Capital To Philippine Digital Asset Exchange - 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