The central bank of the Philippines, the Bangko Sentral ng Pilipinas (BSP), has allowed two new companies of the country to run virtual currency exchanges (VCEs). These new companies include Atomtrans Tech Corp. International and Tokyo-based Telcoin Corp. Atomtrans is a financial service provider based in Manila and also a holder of Philippine central bank license. It is expanding its business by becoming a part of a crypto-asset industry with ATC Digital Currency Exchange. The other company Telcoin, is working with mobile service providers and has developed an Ethereum-based blockchain.