The Bangko Sentral ng Pilipinas (BSP) has approved the applications of three more virtual currency exchanges (VCE) to operate in the Philippines.

Melchor Plabasan, officer in charge at the Technology Risk and Innovation Supervision Department of the central bank, named the new VCEs as Bexpress Inc., Coinville Phils. Inc., and ABA Global Phils. Inc., but did not provide further details.