Topic: Central of the Philippines Recognizes Bitcoin - page 21. (Read 8965 times)
Yeah its a good news for the crypto community that Philippines central Bank recognized bitcoin as another payment method. So lets all can hope positively that other nations will also recognize bitcoins as a legal payment method very soon. Whats this bitlicense? I am hearing it about this for the first time in this thread. Why i am asking this because I have got few friends in newyork , and they are new to this bitcoin world and I always force them to buy bitcoins and store. But I didnt know about this bitlicense.Is it reqiured to get some license to hold bitcoins in US?
The Philippines is known for its OFW remittances which help drive its economy afloat through economic instability and big market shakers through these years. A large portion of its GDP (10%>) comes from remittances abroad. With that said, bitcoin as we know it could help these overseas workers remit money wherever they are, whenever they please with only a small cost.
this is good for filipinos, congrats for having an open mind gov. 
Regulation is only welcome when it is not harsh to the point of being unbearable, a good example is New York's BitLicense.
3 days ago we learned thatJapan will introduce their own version of Bitcoin legislation, far worse that BitLicense.
At this point it is certain that it will cause more harm than good. Let's hope that Philippine's version of bitcoin regulation won't be that cruel.
I agree with you, since bit license in Japan is very expensive its almost the same as you are being taxed.This is the way the government can regulate and have an inmone on bitcoin but I hope it should be moderate so as not to harm the bitcoin enthusiast and supporters like us.
Overall this is good news. Recognition of Bitcoin and regulations to help the nascent industry grow should be welcome.
Philippinos are one of the most active communities here. The remittance industry in Philippines is also big and Bitcoin should see some growth there.
Regulation is only welcome when it is not harsh to the point of being unbearable, a good example is New York's BitLicense. Philippinos are one of the most active communities here. The remittance industry in Philippines is also big and Bitcoin should see some growth there.
3 days ago we learned thatJapan will introduce their own version of Bitcoin legislation, far worse that BitLicense.
At this point it is certain that it will cause more harm than good. Let's hope that Philippine's version of bitcoin regulation won't be that cruel.
Overall this is good news. Recognition of Bitcoin and regulations to help the nascent industry grow should be welcome.
Philippinos are one of the most active communities here. The remittance industry in Philippines is also big and Bitcoin should see some growth there.
Philippinos are one of the most active communities here. The remittance industry in Philippines is also big and Bitcoin should see some growth there.
http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/
According to this article the Philippines’ Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states sees the virtual currency’s potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.
According to this article the Philippines’ Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states sees the virtual currency’s potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.
It's good news for the Bitcoin world as I also heard yesterday that the central bank of Philippines have also formulated policies for the Bitcoin exchangers in the country and its all working in the positive direction of promoting the cryptocurrency. It is good news for Nigeria too which has enough population to enhance and sustain the blockchain technology.
http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/
According to this article the Philippines’ Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states sees the virtual currency’s potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.
According to this article the Philippines’ Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states sees the virtual currency’s potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.
I'm from Philippines also. Yes its good news to us! Because many Filipino heard that news they might been interested to invest to bitcoin. So the price of bitcoin will pump to high. What if big investor can read that and invest big money the bitcoin price go to the moon. Thanks to bank central ng pilipinas for publishing like that news. Many people the job is bitcoin and many (ofw) overseas Filipino workers the sideline in bitcoin. I think it will not end this year bitcoin will become popular in my country.
Im Filipino also. But what i see in our country, only few people here in our country knows and appreciate bitcoin and only few companies or markets are accepting bitcoin. So this is a good news for all of us who use bitcoin. Hope this will intensifies the progress of bitcoin in our country so we all could benefit from it.
what a good news for us, now bitcoin will be more in demand cause of its authority that given by our central bank and the price of bitcoin will be higher so we must stock as soon as because we can't mess at bitcoin when time come and regret it.
Good day chief! thanks for update.
It is really a good thing that the central of the Banko Central recognizes bitcoin as payment system. Im from the Philippines too and maybe they considered it since there is a service that offers easy conversion of bitcoin to fiat here in Philippines which is a web wallet called coins.ph. I personally use it to send fiat to me or send to some relatives far away. Many others do it too so they have noticed bitcoin and have seen it's potential.
Yes, the Central Bank of the Philippines had seen the potential and merit of bitcoins. Unlike other countries who sees bitcoin as a tool for money laundering and other forms of illegal activities, Bangko Sentral has looked on the usability of bitcoins as form of financial payments. But there are rules and conditions set by the Bangko Sentral to the exchanges in the Philippines so as to avoid issues on money laundering and other forms of fraudulent activities using bitcoins.
It is really a good thing that the central of the Banko Central recognizes bitcoin as payment system. Im from the Philippines too and maybe they considered it since there is a service that offers easy conversion of bitcoin to fiat here in Philippines which is a web wallet called coins.ph. I personally use it to send fiat to me or send to some relatives far away. Many others do it too so they have noticed bitcoin and have seen it's potential.
Yes, the Central Bank of the Philippines had seen the potential and merit of bitcoins. Unlike other countries who sees bitcoin as a tool for money laundering and other forms of illegal activities, Bangko Sentral has looked on the usability of bitcoins as form of financial payments. But there are rules and conditions set by the Bangko Sentral to the exchanges in the Philippines so as to avoid issues on money laundering and other forms of fraudulent activities using bitcoins.
It is really a good thing that the central of the Banko Central recognizes bitcoin as payment system. Im from the Philippines too and maybe they considered it since there is a service that offers easy conversion of bitcoin to fiat here in Philippines which is a web wallet called coins.ph. I personally use it to send fiat to me or send to some relatives far away. Many others do it too so they have noticed bitcoin and have seen it's potential.
This news is great for the bitcoin community here. Im from the Philippines and i hope this news will boost the development of bitcoin here in the Philippines. So all filipinos will experience the benefits of using bitcoin. So this is a good start of bitcoin here in the Philippines. The problem is, majority of population here in the Philippines dont know anything about bitcoin yet.
The time has come 
well most of the country now a days recognizes the bitcoin, most of the time i heard news from there to here. Im from philipppines too and its a great news to us filipinos that is using bitcoin as payment, most of the user of bitcoin gets a lot of benifits from it because the price of bitcoin will go high and now lets hope that there are lot of store will open up that accepts bitcoin as payment
well most of the country now a days recognizes the bitcoin, most of the time i heard news from there to here. Im from philipppines too and its a great news to us filipinos that is using bitcoin as payment, most of the user of bitcoin gets a lot of benifits from it because the price of bitcoin will go high and now lets hope that there are lot of store will open up that accepts bitcoin as payment Im Filipino also. But what i see in our country, only few people here in our country knows and appreciate bitcoin and only few companies or markets are accepting bitcoin. So this is a good news for all of us who use bitcoin. Hope this will intensifies the progress of bitcoin in our country so we all could benefit from it.
Most of the countries has same situation where bitcoins are not known widely among all the people on the country. News like Philippines recognizes bitcoins should be spread widely across the globe so that other countries also takes such steps and also new people start using bitcoins.
Hope more countries will follow suit. This is one way up for bitcoin to become mainstream. Slowly adding another country one by one on list to recognized is a good omen in the coming future for bitcoin. I do believe in the new prediction that bitcoin will reach $25,000 and its happening slowly.
Im Filipino also. But what i see in our country, only few people here in our country knows and appreciate bitcoin and only few companies or markets are accepting bitcoin. So this is a good news for all of us who use bitcoin. Hope this will intensifies the progress of bitcoin in our country so we all could benefit from it.
Most of the countries has same situation where bitcoins are not known widely among all the people on the country. News like Philippines recognizes bitcoins should be spread widely across the globe so that other countries also takes such steps and also new people start using bitcoins.
Happy to see friends from Philippines. This news is an exciting development for bitcoin. If in Philippines, the use of bitcoin is positive, I think other countries will take appropriate policies to promote bitcoin progress. I am looking forward to my country to issue such a legal document.
This news might a be stepping stone of bitcoin to be recognize by other people here in the philippines,not only by some but for other companies big or small. Here at my location two or people only knows what is bitcoin.
Im Filipino also. But what i see in our country, only few people here in our country knows and appreciate bitcoin and only few companies or markets are accepting bitcoin. So this is a good news for all of us who use bitcoin. Hope this will intensifies the progress of bitcoin in our country so we all could benefit from it.
Most of the countries has same situation where bitcoins are not known widely among all the people on the country. News like Philippines recognizes bitcoins should be spread widely across the globe so that other countries also takes such steps and also new people start using bitcoins.
Im Filipino also. But what i see in our country, only few people here in our country knows and appreciate bitcoin and only few companies or markets are accepting bitcoin. So this is a good news for all of us who use bitcoin. Hope this will intensifies the progress of bitcoin in our country so we all could benefit from it.
I'm from Philippines also. Yes its good news to us! Because many Filipino heard that news they might been interested to invest to bitcoin. So the price of bitcoin will pump to high. What if big investor can read that and invest big money the bitcoin price go to the moon. Thanks to bank central ng pilipinas for publishing like that news. Many people the job is bitcoin and many (ofw) overseas Filipino workers the sideline in bitcoin. I think it will not end this year bitcoin will become popular in my country.
I'm a Filipino It is good opportunity for many Filipinos at the Philippines because some there are want to invest in bitcoin. Many Filipinos will know and they can help bitcoin community to pump the price a large again. Many investors of bitcoin I think lots are Filipino. So I am very happy to heard that news many Filipinos will be educated because of that. Jump to: