Maybe the tax laws would require people to hold bitcoins or even use them like the regular fiat currency is used ? If that is the case I doubt there would be any difference between buying a loaf of bread or a whole house. I mean the logic is the same in both of them, you pay the person in bitcoin and they give you the product, it could be anything. If that is allowed than buying a house shouldn't be a problem.
When these kinds of laws pass they usually include places (exchanges) that you can actually exchange your fiat to bitcoin and bitcoin to fiat because governments regulate those exchanges heavily. Same applies to coinbase and USA for example, government can't keep track of everyone so they put the workload to coinbase and trust them to give all info on people who has bitcoin.
If Philippines does the same with certain exchanges I don't see a reason why person A can't buy a house from person B as long as its tracked.
Topic: Another good news for cryptocurrency in the Philippines - page 8. (Read 9841 times)
Iloilo properties for sale accepts crypto as payment
These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment
These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment
Hey that’s an interesting news you have shared, I knew people were buying services with bitcoins but it’s good to see people are buying residential houses too with it. I wasn’t aware there was a huge demand for bitcoins in Philippines, but what about their local law does it allow such a transaction. I believe this news can inspire many others to buy and sell in bitcoins, and increase adoption of bitcoins which in turn can fuel a rally going ahead.
Iloilo properties for sale accepts crypto as payment
These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment
These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment
How was it a good news? Does it have something to do with the improvement for crypto? I see your post as a regular news and nothing is good to happen to us even if he is to sell his properties using crypto.
in Indonesia it is not good enough because there are many elements that are not clear I am happy my neighboring country is the Philippines there is good news about bitcoin I think it is good for them
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
Not sure if CoinGeek is the best news outlet to consult in this case. They are known to be anti Bitcoin, and basically anti every other altcoin that isn't BSV. Generally if purchased properly property rises in value over time.
Consider to purchase a number of properties and rent them out.
It's good in terms of wealth preservation, but it's not something I would be looking to do right now. Currently there are way more exiting options to invest in with Bitcoin and other types of projects, and of course, with much higher profits. Thus far, everything of significant value you buy with Bitcoin will make you regret having done so during the next mania. Consider to purchase a number of properties and rent them out.
Honestly, the adoption of cryptocurrency is spreading day by day even further and one of them is it, it is obvious that Philippine is crypto-friendly, because it is possible to see the most philippines in each project and AFAIK there are more crypto ATMs than others.
I think this is a good move for both buyer and seller. Buyers can
diversify some of their crypto investments to property and sellers
are attracting crypto buyers, it makes sense.
Property is a solid investment [excuse the pun].
Generally if purchased properly property rises in value over time.
Consider to purchase a number of properties and rent them out.
diversify some of their crypto investments to property and sellers
are attracting crypto buyers, it makes sense.
Property is a solid investment [excuse the pun].
Generally if purchased properly property rises in value over time.
Consider to purchase a number of properties and rent them out.
Already philippines have regulations for using cryptos?
I think the SEC had already reconsidering this and will soon to release an update. They're open for this kind of new technology since it's getting attention from the mass.
If its still in the uncertain phase,then using bitcoin for buying properties without regulations may bring some difficulties later.
I don't think so, it's already emphasize in the article that whoever want to buy the property they need to cash in through BSP licensed exchange such as bloom x, SCI and PDAX.
But the article didn't mention if the said amount will be base on the current price of btc or it will be fix in php and will just convert from php to btc.
Already philippines have regulations for using cryptos?
If its still in the uncertain phase,then using bitcoin for buying properties without regulations may bring some difficulties later.
If its still in the uncertain phase,then using bitcoin for buying properties without regulations may bring some difficulties later.
I'm surprised this happened in the Visayas first. Might inspire the folks up north in Manila to do the same.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Well definitely better than gettting the payment in cash first and converting. The cash-in fees can also get quite expensive not to mention sometimes the exchange would lock your account over comparatively small amounts of money.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Well definitely better than gettting the payment in cash first and converting. The cash-in fees can also get quite expensive not to mention sometimes the exchange would lock your account over comparatively small amounts of money.
Iloilo properties for sale accepts crypto as payment
These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment
These properties are owned by cryptocurrency proponents who believe that a conversation on making cryptocurrencies a viable payment option should start.
The owners are both cryptocurrency proponents, and told CoinGeek that they believe that a conversation towards seeing cryptocurrencies as a viable payment option should start.
The owners also said that another reason why they accepted cryptocurrency payments is because of their plan to have the proceeds from the sale of the properties allocated into a cryptocurrency investment.
Read more here: https://www.unblock.news/news/iloilo-properties-for-sale-accepts-crypto-as-payment
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