The Philippine Digital Financial Assets Exchange In. is a company registered overseas, and obtained the business license of a non-bank financial institution authorized by the central bank of the host country to engage in the free exchange of fiat and digital currencies in February 2020.The trial operation began on June 15, 2020.
The main business scope and operating capacity of the Philippine Digital Financial Assets Exchange In. are as follows:
1． The Philippine Digital Financial Assets Exchange In. has the qualifications to engage in conventional foreign exchange transactions and has advanced and reliable conventional foreign exchange business capabilities:
（1）The Philippine Digital Financial Assets Exchange In. has complete, comprehensive and unlimited foreign exchange remittance business qualifications and capabilities:
The foreign exchange remittance business license obtained by the Philippine Digital Financial Assets Exchange In. is fully qualified for regular foreign exchange remittance business. The company can provide exchange and remittance services between the local currency of the host country and other foreign currency currencies of the Philippine Digital Financial Assets Exchange In. for the customers of the Philippine Digital Financial Assets Exchange In. within the host country and between the host country and other countries.
The Philippine Digital Financial Assets Exchange In. has established a wide range of cooperative relations with major domestic commercial banks, foreign exchange professional institutions, etc. in the host country and major commercial banks and foreign exchange professional institutions in major countries around the world, which can provide comprehensive, reliable, fast, Safe, low-cost conventional foreign exchange services.
（2） The Philippine Digital Financial Assets Exchange In. has an advanced electronic foreign exchange system, which can provide customers with instant, free foreign exchange services within the independent Philippine Digital Financial Assets Exchange In. system.
The Philippine Digital Financial Assets Exchange In. is approved by the central bank of the host country and can use its advanced electronic foreign exchange system to independently complete the customers identity authentication processes and open independent target accounts for the Philippine Digital Financial Assets Exchange In.'s customers. The Philippine Digital Financial Assets Exchange In.’s customers who already have the Philippine Digital Financial Assets Exchange In.’s accounts can realize the safe, reliable, instant and free system foreign exchange function within the Philippine Digital Financial Assets Exchange In. exchange system and other Philippine Digital Financial Assets Exchange In.’s customers who have the Philippine Digital Financial Assets Exchange In.’s accounts. In this way, when the Philippine Digital Financial Assets Exchange In. users with the Philippine Digital Financial Assets Exchange In.’s accounts conduct foreign exchange business, it only needs to perform low-cost, real-time foreign exchange through the Philippine Digital Financial Assets Exchange In. and the banks and foreign exchange professional institutions that have established cooperative relations with it at the final settlement.
2.The Philippine Digital Financial Assets Exchange In. has the legally freely convertible qualifications for legal tender and digital virtual currency, and has advanced reliable legal tender exchange capability。
(1). The Philippine Digital Financial Assets Exchange In. obtains a non-bank financial institution license granted by the central bank of the host country, and permits the Philippine Digital Financial Assets Exchange In. to legally engage in unrestricted exchange business between legal tender and digital virtual currencies.
According to the license, the registered customers of the Philippine Digital Financial Assets Exchange In. can legally freely exchange between legal currency and digital virtual currency held by them at any time without limitation. This license of the Philippine Digital Financial Assets Exchange In. successfully opened up the legal connectivity between the digital virtual currency and legal currency fields, which is of epoch-making significance.
(2). The Philippine Digital Financial Assets Exchange In. has an advanced and reliable the legal tender and digital virtual currency exchange system.
The advanced electronic exchange system owned by the Philippine Digital Financial Assets Exchange In. can provide customers of the Philippine Digital Financial Assets Exchange In. with safe, reliable, and fast legal currency and digital virtual currency in a variety of ways, including over-the-counter (OTC) transactions, currency transactions, etc., 24 hours a day Exchange.
(3). The users of the Philippine Digital Financial Assets Exchange In. can fully and reasonably use the qualifications and capabilities of the Philippine Digital Financial Assets Exchange In.'s legal tender and digital virtual currency exchange, and realize new functions such as the exchange and investment of legal tender held by the Philippine Digital Financial Assets Exchange In..
Digital virtual currency have various characteristics such as security, value preservation, value addition, good investment and liquidity, and good privacy. The Philippine Digital Financial Assets Exchange In.'s customers can use the above-mentioned characteristics of the digital virtual currency, comprehensively utilize the Philippine Digital Financial Assets Exchange In.'s conventional legal tender exchange business qualifications and capabilities, and the legal and free conversion of legal tender and digital virtual currency qualifications and capabilities to realize the free conversion, remittance, and transfer of the legal currencies held by them. And new functions such as investment and value-added.
The qualifications and capabilities of the Philippine Digital Financial Assets Exchange In. will bring new business models to the conventional foreign exchange and digital virtual currency businesses, and will bring new and promising developments to the foreign exchange and digital virtual currency businesses.
Philippine Digital Financial Assets Exchange In.