MANILA, Philippines - Senator Francis Tolentino has recommended the inclusion of two government agencies to a task force that will regulate the issuance and use of cryptocurrency and digital currency in the country. Tolentino proposed the inclusion of the Department of Labor and Employment (DOLE) and the Bureau of Internal Revenue (BIR) amid talks of forming a cryptocurrency task force which will be composed of the Bangko Sentral ng Pilipinas (BSP), Securities andExchange Commission (SEC), Insurance Commission (IC), Philippine Deposit Insurance Corporation (PDIC) and Cagayan Economic Zone Authority (CEZA). While Tolentino recognized the benefits of cryptocurrenc...
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