BSP: Advisory on the Use of Virtual Currencies - page 2.

ofelia25

full member

Activity: 392

Merit: 100

Quote from: Portia12 on February 20, 2018, 10:05:07 AM

Quote from: LynielZbl on January 02, 2018, 10:18:05 PM

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! Wink

hindi yan ipagbabawal kasi currency yan na legal sa karamihan sa bansa. pero ang bdo nakaban ang cryptocurrency dyan ewan ko lang kung bakit. sayang malaki maitutulong ni bitcoin sa ekonomiya natin kung sakali. kasi malaki kikitain ng karamihan sa mga kababayan natin sa pag tratrabaho sa bitcoin,

Yan naman po ang isa sa maganda sa ating mga Pinoy talagang open po tayo sa mga ganitong oportunidad, kaya pasalamat nalang din tayong mga pinoy dito sa pinas dahil hindi agad agad sila nakiki ayon na iban agad to bagkus ay binigyan nila to ng oportunidad para maaral nila to.

Portia12

full member

Activity: 434

Merit: 105

ADAB ICO

Quote from: LynielZbl on January 02, 2018, 10:18:05 PM

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! Wink

hindi yan ipagbabawal kasi currency yan na legal sa karamihan sa bansa. pero ang bdo nakaban ang cryptocurrency dyan ewan ko lang kung bakit. sayang malaki maitutulong ni bitcoin sa ekonomiya natin kung sakali. kasi malaki kikitain ng karamihan sa mga kababayan natin sa pag tratrabaho sa bitcoin,

sarsi

newbie

Activity: 392

Merit: 0

Quote from: hkdfgkdf on January 02, 2018, 10:52:39 PM

At least may suporta at pinagiingat tayo ng gobyerno lalo na ang Bangko Sentral sa paggamit ng cryptocurrency. Gumawa pa sila ng guidlines para mas secure yung mga accounts natin at mga virtual currency na hawak natin. Tumutulong din sila sa pagtuligsa sa mga scammer na nagpapababa sa imahe ng bitcoins. Bilib ako sa gobyerno natin dahil sabay tayo sa teknolohiya di tulad sa ibang bansa kagaya ng Bangladesh, na itinuturing na ilegal at huhulihin ka kapag napatunayang gumagamit ka ng cryptocurrency.

Good news ito para sa lahat ng nagbi-bitcoin at alam ng bangko sental na may ganitong virtual currency at hindi nila pinahihito sa halip nagpapaalala pa para sa seguridad sa lahat ng gumagamit ng cryptocurrency. Magandang simula ito para sa lahat.

hefjor

jr. member

Activity: 199

Merit: 2

Quote from: ro2sf on January 02, 2018, 06:55:41 PM

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.

Quote

With the recent price surge of VCs, such as Bitcoins, the BSP has observed that an increasing number of individuals or entities may be tempted to “invest” in VC pyramid schemes disguised as initial coin offerings (ICOs) or VC investment products. The public is therefore advised to exercise caution regarding the acquisition, possession, trading of VCs or dealing with VC-related offers. Unlike stocks or debt issues, VCs are not backed by any company or commodity and the price is purely dependent on market demand and supply. As such, investing in VCs presents a highly speculative and risky undertaking which might result into huge financial losses. To minimize risks, the BSP highly encourages existing and prospective VC users to deal only with BSP-registered VC exchanges and maintain only a sufficient amount of VCs enough to address transaction requirements. VC users should properly secure their VC holdings and observe security tips below to protect the confidentiality and integrity of personal information and transaction details.

Important security considerations for VC users:

Set-up and use a dedicated email account. Avoid using the same email accounts or username that you have used in public platforms such as social media.
Keep your VC-related email account to yourself. In any VC transaction, users need their email account and password. Thus, it is important to secure not only your password but also your email account.
Set a strong password. Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases). Avoid re-using the same password for more than one service.
Observe basic internet security. Exercise caution in accessing your VC wallet especially when using wi-fi connections. Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails. At the same time, do not leave your device unattended.
Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider. VC users should enable, whenever available, MFA options to their VC accounts. Adding another layer of authentication can provide increased security to your VC account and transactions.
Separate your funds and use cold storage. VC funds should be separated in two or more digital wallets for transactional purposes. The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

Laking tulong to para po sa mga hindi aware sa mga consequences na pwdeng mangyari kapag gumamit nng virtual currency mabuti nalang may mahalagang paalala yung BSP para saatin lahat na pumapasok sa mundo nng crypto dahil sa mahalagang impormasyon na yan natutulungan tayo na maging alerto sa lahat nng bagay na pinaggagawa ntin sa pgbibitcoin.

romeo23

newbie

Activity: 112

Merit: 0

Maganda ang intensyon ng BSP sa pagpapalabas nito ng advisory regarding sa pag gamit ng virtual currencies,lalong lalo na sa atin na patuloy na tumatangkilik nito most especially yung mga,nag iinvest,nag trade at nag mine...Dahil binibigyan nila tayo ng proteksyon or babala upang maging aware tayo sa kalakaran ng virtual currencies sa merkado at mga guidelines para ma ensure na di tayo maloloko...

patrickj

sr. member

Activity: 490

Merit: 251

Quote from: supergorg27 on February 16, 2018, 06:26:09 AM

Quote from: LynielZbl on January 02, 2018, 10:18:05 PM

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! Wink

Dapat tayong magpasalamat sa BSP sa concern nila sa ating mga bitcoin users at salamat din sa paalala upang lalo tayong maging maingat at hindi tayo ma scam ng mga mapagsamantalang tao na walang ginawa kundi manglamang ng kapwa.

Nasa atin na rin yun kung magpapaloko tayo, pero dapat bago tayo maginvest sa isang ICO ay alam natin ang mga detalye tungkol sa kanilang proyekto at kung legit ba talaga sila. Dapat din tayong maging maingat dahil sabi nga nila "never invest money that you can't afford to lose".

supergorg27

member

Activity: 238

Merit: 10

Quote from: LynielZbl on January 02, 2018, 10:18:05 PM

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! Wink

Dapat tayong magpasalamat sa BSP sa concern nila sa ating mga bitcoin users at salamat din sa paalala upang lalo tayong maging maingat at hindi tayo ma scam ng mga mapagsamantalang tao na walang ginawa kundi manglamang ng kapwa.

amadorj76

member

Activity: 294

Merit: 11

Quote from: DabsPoorVersion on January 04, 2018, 12:50:55 PM

Quote from: Jenn09 on January 04, 2018, 09:52:31 AM

Sa totoo lang hinde naman masamang babala ito galing sa bsp bagkos ito ay magandamg babala para mawarningn tau at magingat sa mga scammer ngaun na gingamet ay bitcoins pra makapanlamang ng kapwa nila pilipino.

Kaya nga dahil marami ngayon ang naeengganyo sa pag iinvest sa bitcoin simula nung ipinalabas ito sa telebisyon at sinabing may potensyal talagang kumita rito at ganon na nga ang nangyare kaya ang bangko sentral ng pilipinas ay nagbigay babala lang naman sa mga kapwa natin pinoy.

sinasabi ng bangko sentral na pinag iingat nila ang pilipino sa pag iinvest sa cryptocurrency like bitcoin dahil scam daw ito, pero may mga financial analyst na nagpa interview na meron silang investment sa bitcoin, ibig sabihin lang nun na naniniwala din sila na hindi nga scam ang bitcoin dahil naglagay sila ng investment eh.

edhp

jr. member

Activity: 112

Merit: 2

Quote from: ?? on ??

Quote from: quierx16 on January 03, 2018, 02:54:38 AM

sinubukan ko mag open ng BDO savings account last month. nung tinanong ako kung ano source of income ang sabi ko bitcoin. hinahanapan nila ako ng transaction details tsaka kung san galing ang bitcoin ko. ayun di nalang ako nag apply. hassle masyado.

Well dimo masisi bro kasi Syempre di pa naman totally na Legal ang bitcoin although may support na sa government pero dipa talaga sya tanggap sa lipunan as long na di legal mag hahanap at mag hahanap sila ng requirements any bank kasi ang mga banko ang pinaka may ayaw at nag iingat sa bitcoin.

hindi kasi nirerecognize ng bangko particularly ng bdo ang bitcoin as a source of income ng mga pinoy, hindi sila aware sa bitcoin cryptocurrency kaya hindi talaga sila papayag pag ito ang nilagay mo sa form as a source of income, hahanapan ka pa din talaga ng ibang requirements.

kinausap ako ng bdo branch manager last week nung kinuha ko ung bagong emv card. tinatanong ako sa mga overseas remittance ko from cex. sabi ko sa bitcoin un. naghihigpit daw sila sa mga overseas remittances lalo na pag hindi remittance card ang gamit dahil daw sa money laundering, ung sa rcbc ata un ung more than 50M usd. akala ko nga hindi ibibigay ung bagong atm ko kasi daming tanong nung branch manager. sinabi ko na a lng hindi ko na gagamitin for remittance at mag oopen ako ng kabayan account ata nila na specific for remittances.

Chyzy101

newbie

Activity: 266

Merit: 0

Quote from: ruthbabe on February 04, 2018, 01:32:48 AM

Good news, they're protecting users from getting scammed by syndicates operating in social media platforms and taking advantage of Bitcoin popularity. The only thing I've noticed is that BSP keeps on regarding bitcoin and cryptocurrency as virtual currency which is incorrect and totally wrong. Well, I don't blame them because (I guess) a great majority of bank people do not know what bitcoin is all about, and much more, the over 1000 coins (still counting) in circulation.

There are lots of differences between virtual currency and cryptocurrency, although the two are both unregulated, virtual currency is centralized and mostly used, accepted among the members of a specific virtual community... in contrast, cryptocurrency is not, it's decentralized and it's used in P2P transactions worldwide. Also, you can't own any virtual currency, while in cryptocurrency like bitcoin, you hold your private key and you are the owner. There are too many actually and the above were just a few.

maramng salamat sa info mo kaibigan ngayon alam ko na kng ano ang pinagkaiba ng dalawa. . my tanong lang ako kasi ang bitcoin at iba pang coin e decentralized ano poh ba ang sample ng mga centralized na virtual currency? nka blockchain din poh ba ito?

ruthbabe

sr. member

Activity: 966

Merit: 275

Good news, they're protecting users from getting scammed by syndicates operating in social media platforms and taking advantage of Bitcoin popularity. The only thing I've noticed is that BSP keeps on regarding bitcoin and cryptocurrency as virtual currency which is incorrect and totally wrong. Well, I don't blame them because (I guess) a great majority of bank people do not know what bitcoin is all about, and much more, the over 1000 coins (still counting) in circulation.

There are lots of differences between virtual currency and cryptocurrency, although the two are both unregulated, virtual currency is centralized and mostly used, accepted among the members of a specific virtual community... in contrast, cryptocurrency is not, it's decentralized and it's used in P2P transactions worldwide. Also, you can't own any virtual currency, while in cryptocurrency like bitcoin, you hold your private key and you are the owner. There are too many actually and the above were just a few.

emig

jr. member

Activity: 39

Merit: 5

Dapat lang talaga na ganito para maging maingat ang public sa pag dive sa bitcoin world or any cryptocurrency. May habit kasi tayong mga pinoy na mag take rist basta may nakikita tayong pruweba na may kumikita sa isang produkto. Kaya nga ang daming mga past story about pyramid scam kasi marami sa atin ang madaling mapaniwala at mahikayat dahil na rin sa kagustuhan natin ng easy money.

Mabuti ang ginagawa ng BSP na pagbibigay ng babala at sana makipagtulungan sila sa medya para mapabilis ang pagpapakalat ng impormasyong makakatulong sa mga baguhan pa lang sa bitcoin para naman maiwasan na maloko ng mga mapagsamantala.

watchurstep45

full member

Activity: 300

Merit: 100

Quote from: ro2sf on January 02, 2018, 06:55:41 PM

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.

Quote

With the recent price surge of VCs, such as Bitcoins, the BSP has observed that an increasing number of individuals or entities may be tempted to “invest” in VC pyramid schemes disguised as initial coin offerings (ICOs) or VC investment products. The public is therefore advised to exercise caution regarding the acquisition, possession, trading of VCs or dealing with VC-related offers. Unlike stocks or debt issues, VCs are not backed by any company or commodity and the price is purely dependent on market demand and supply. As such, investing in VCs presents a highly speculative and risky undertaking which might result into huge financial losses. To minimize risks, the BSP highly encourages existing and prospective VC users to deal only with BSP-registered VC exchanges and maintain only a sufficient amount of VCs enough to address transaction requirements. VC users should properly secure their VC holdings and observe security tips below to protect the confidentiality and integrity of personal information and transaction details.

Important security considerations for VC users:

Set-up and use a dedicated email account. Avoid using the same email accounts or username that you have used in public platforms such as social media.
Keep your VC-related email account to yourself. In any VC transaction, users need their email account and password. Thus, it is important to secure not only your password but also your email account.
Set a strong password. Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases). Avoid re-using the same password for more than one service.
Observe basic internet security. Exercise caution in accessing your VC wallet especially when using wi-fi connections. Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails. At the same time, do not leave your device unattended.
Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider. VC users should enable, whenever available, MFA options to their VC accounts. Adding another layer of authentication can provide increased security to your VC account and transactions.
Separate your funds and use cold storage. VC funds should be separated in two or more digital wallets for transactional purposes. The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

advantage sa atin as we use crypto currencies sana maging legal na nga talga ang crypto currency and bitcoin

Ferdinand011

newbie

Activity: 24

Merit: 0

Good news to sa lahat ng mga bitcoin user. Na umaasa din sa bitcoin lang.

Jpower4

newbie

Activity: 14

Merit: 0

akala ko ibabawal na nag gobyerno ang pag bibitcoin, akala ko papatawan na nag tax ang bitcoin, mabuti naman ay hindi. ang maganda nito ay kinikilala ng bsp at gobyerno ang negosyo na bitcoin, kung tutuusin nga lalago din ang ekonomiya natin kasi palitan ng value ang bitcoin mula sa ibat ibang lugar lalo na sa america. sa uulitin kailangan lang lagi tayong mag ingat sa mga scammers na nagkalat sa buong bansa at sa ibang bansa.

moonchaser_babylove28

newbie

Activity: 46

Merit: 0

Mabuti naman at hindi taxation ang nakasaad sa inilabas ng bsp. maraming Pinoy na kasi ang ang umaasa sa bitcoin nagayon lalo na at malaki na ang palitan nito sa ating bansa. May puntong 1 milyon na ang presyo nito, hindi malabong mas higitan pa nito ang 1 milyon. Ingat lang taayo baka bigla tayo balikan ng gobyerno when it comes sa tax. Thankful pa rin sa BSp kasi they are doing their job very well.

gioquechi.13

newbie

Activity: 21

Merit: 0

At least may suporta at pinagiingat tayo ng gobyerno lalo na ang Bangko Sentral sa paggamit ng cryptocurrency.
Gumawa pa sila ng guidlines para mas secure yung mga accounts natin at mga virtual currency na hawak natin.
Tumutulong din sila sa pagtuligsa sa mga scammer na nagpapababa sa imahe ng bitcoins.
Bilib ako sa gobyerno natin dahil sabay tayo sa teknolohiya di tulad sa ibang bansa kagaya ng Bangladesh, na itinuturing na ilegal at huhulihin ka kapag napatunayang gumagamit ka ng cryptocurrency.
...

micko09

member

Activity: 336

Merit: 24

Isa itong paalala o reminders sa mga cryptocurrency users dito sa pilipinas, hindi naman totaly pinagbabawal ng Banko Sentral ng Pilipinas ang Cryptocurrency sa halip pinag iingat tayo dahil madaming scammer ang lalabas at gagamiting pang front ang Bitcoin, malinaw naman sa sinabi ng BSP na ingat tayo pag iinvest dahil alam naman natin na high risk talaga ang cryptocurrency.

Wind_Blade_27

newbie

Activity: 24

Merit: 0

Quote from: quierx16 on January 03, 2018, 02:54:38 AM

sinubukan ko mag open ng BDO savings account last month. nung tinanong ako kung ano source of income ang sabi ko bitcoin. hinahanapan nila ako ng transaction details tsaka kung san galing ang bitcoin ko. ayun di nalang ako nag apply. hassle masyado.

For your own protection lang din ung ginagawa nila at need to know basis kung malinis ba ung kita sa bitcoin at hindi galing sa illegal transcations using bitcoin.

lightning mcqueen

member

Activity: 280

Merit: 11

Quote from: LynielZbl on January 10, 2018, 09:30:46 AM

Ang BSP ay may ginagawang hakbang upang maging ligtas ang mga Crypto Users against sa mga Scammers online. Patunay ito na unti-unti nang tinatanggap ng ating gobyerno ang CryptoCurrency dito sa ating bansa

nagkakaroon na din ng tiwala ang bsp sa bitcoin dahil sa gumagawa na sila ng hakbang para mahuli ang mga scammer na sumasakay sa popularidad ng bitcoin kaya for sure mas marami na ang makakaalam nito.

Topic: BSP: Advisory on the Use of Virtual Currencies - page 2. (Read 677 times)