Conflicting news tungkol sa pag gamit ng Binance P2P at UnionBank! - page 2.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: Bttzed03 on January 17, 2022, 09:40:28 PM

Mukhang magkaiba nga. My bad. It's unusual na meron bangko na magkapangalan tapos hindi man lang affiliated.

Tama at higit pa dun, medyo magkahawig yung logo nila ^{[it's weird]}!

Quote from: rhomelmabini on January 20, 2022, 09:07:19 AM

Ano kaya magandang alternative rito

May dalawang user na nag post ng tips, but I prefer to not vouch: #1 and #2

Quote from: adiksau0414 on January 21, 2022, 04:59:05 AM

so far sa akin wala pa naman nangyari na ganyan, o dahil maliliit lng transaction ko?

May ilang users din na nakatangap ng ganyang notice kahit maliliit yung transactions nila, so unlike sa Coins.ph, hindi ata sila gumagamit ng automated systems para mag flag ng suspicious transactions ^{[walang clear pattern]}!

rhomelmabini

hero member

Activity: 2002

Merit: 578

Quote from: adiksau0414 on January 21, 2022, 04:59:05 AM

so far sa akin wala pa naman nangyari na ganyan, o dahil maliliit lng transaction ko? Parang nangyari na din sa BDO dati na n freeze ang account nila dahil sa suspicious chemecheme na yan. Anp pwede i reason kung may ganyang situation na mangyari? any thoughts?

Posible kasi sa mga naka link sa opening post most ng mga involved na transactions ay talagang malakihan sa P2P at I think yung napapadalas rin ang transaction. I think hindi rason ang babasehan nila kundi yung proof of income mo kung sakali man at kung susundan mo yung mga links na nailagay sa OP makikita mo na most of them are being required sa mga supporting documents.

adiksau0414

full member

Activity: 434

Merit: 100

Chainjoes.com

so far sa akin wala pa naman nangyari na ganyan, o dahil maliliit lng transaction ko? Parang nangyari na din sa BDO dati na n freeze ang account nila dahil sa suspicious chemecheme na yan. Anp pwede i reason kung may ganyang situation na mangyari? any thoughts?

goaldigger

sr. member

Activity: 2310

Merit: 355

Quote from: cheezcarls on January 20, 2022, 07:48:04 AM

To be honest, naka try na ko once P2P sa UnionBank para sa Binance, I think mga P20k lang ata one time at most of the time GCash gamit ko last year. Nang dahil lang dito sa balita, although that they say na “crypto-friendly” pa rin sila, I don’t feel so good in doing P2P there anymore using my Unionbank account. Ang hirap ng documents, lalo na they are asking for your ITR (at alam ko na meron dito ang hindi nagbabayad ng tax or nag file ng ITR from the crypto earnings).

Meron nagsabi na okay yung PNB, ING Bank at KOMO by East West Bank as alternatives pero hindi pa ako sure. Pati sa Sterling Bank (even if it’s one of the suggestions I saw from Luis Buenaventura II’s comments last year) parang hindi rin ako ata sure. I am planning din kumuha ng Crypto.com or any other crypto-related debit card para walang problema din.

Ma AML ka talaga pag nag transact ka ng malaki than your average, kaya dahan2x lang. It’s better to have more withdraw options than just relying to one bank only.

Yes marame namang option with regards to P2P though mas convenient kase si Unionbank pero other banks also offer the same service. So far wala pa naman akong naeencounter na problem with Unionbank, and if ever naman makatanggap ka ng ganyang email panigurado dadaan ka naman sa proseso although hassle pero hinde naman agad agad mafrefreeze yung account mo. To be more safe, unte unte kang magwithdraw ng pera mo wag isang bagsakan.

rhomelmabini

hero member

Activity: 2002

Merit: 578

Quote from: Beparanf on January 15, 2022, 10:25:39 AM

May nabasa ako dati dito sa forum dun sa ginawa ko na thread about Binance P2P na na hold yung account nya dahil suspicious yung source ng funds ng ka transact nya sa binanceP2P. Madali kasi now mag open ng UB account, kahit magpa sa ka lng ng ID online at iaapproved na agad nila yung account na may malaking transaction limit agad. Sa pagkaka alam ko madami na talaga na suspicious account sa UB, Karamihan at galing sa hack at money laundering kaya ingat din sa pag gamit ng P2P guys kasi kayo ang mapuputukan ng hassle kapag galing sa suspicious account yung pera na pinasa sa inyo.

Check nyo ito guys: https://bitcointalksearch.org/topic/--5284171

I think Binance Philippines should coordinate with this at i-flag nila yung mga accounts an suspicious at sana meron ding mga recommended na account if ever mag transact sa P2P. Sa Binance hindi talaga ma filter kung sino yung mga legit soon kasi if ever na maki transaction ka mostly na filter lang sa mga trusted na o yung marami ng trades pero what if yung mga traders palang yun ay iyon din ang mga fraud accounts.

Hindi ko alam if may kakayahan ang Binance rito sa bagay na ito pero I think doubtful ako sa kanila. Ano kaya magandang alternative rito kasi talagang skeptical na ako sa P2P sa Binance gamit ko pa naman din kanina yung bank account ng Mama ko kasi yung gcash card ko pinalitan. Nakita ko rin sa mga nakalink sa OP na nag flag ng account din yung gcash sa mga nakikitang p2p transaction kahit maliit lang na halaga.

cheezcarls

hero member

Activity: 2254

Merit: 658

Revolutionized copy gaming platform

To be honest, naka try na ko once P2P sa UnionBank para sa Binance, I think mga P20k lang ata one time at most of the time GCash gamit ko last year. Nang dahil lang dito sa balita, although that they say na “crypto-friendly” pa rin sila, I don’t feel so good in doing P2P there anymore using my Unionbank account. Ang hirap ng documents, lalo na they are asking for your ITR (at alam ko na meron dito ang hindi nagbabayad ng tax or nag file ng ITR from the crypto earnings).

Meron nagsabi na okay yung PNB, ING Bank at KOMO by East West Bank as alternatives pero hindi pa ako sure. Pati sa Sterling Bank (even if it’s one of the suggestions I saw from Luis Buenaventura II’s comments last year) parang hindi rin ako ata sure. I am planning din kumuha ng Crypto.com or any other crypto-related debit card para walang problema din.

Ma AML ka talaga pag nag transact ka ng malaki than your average, kaya dahan2x lang. It’s better to have more withdraw options than just relying to one bank only.

blockman

hero member

Activity: 2660

Merit: 608

Vave.com - Crypto Casino

Nabasa ko nga yang problem na yan tapos pinabulaanan din naman mismo ng UBP na hindi daw totoo yun at sila pa rin ang pinaka-crypto friendly na bank sa bansa which is naniniwala pa rin naman ako. Mag 2 years na din yung account ko sa kanila at nagagamit ko bilang gateway sa mga trades ko kasi mabilis sila at ngayon naman wala naman akong narereceive na notice at problema. Nag-apply lang ako thru app nila tapos nag send lang din ng docs thru app tapos verified din kinabukasan. Virtual lang din account ko at wala akong card nila kasi ayaw ko mag apply pero pwede ka kumuha kaso may bayad.

Quote from: Similificator on January 16, 2022, 09:46:55 PM

Sa pagkakaintindi ko sa issue na to, yung mga account lng sa UB na me malalaking transactions from p2p ang nakaka experience ng problems. Kase sa akin pati sa mga tropa ko na gumagamit ng binance pati UB, wala naman problema. Siguro me mga nakapag report lng ng cases of money laundering tapos marami rami ang pumansin kaya na pipilitan mag take ng further action of precautions UB/Binance towards sa mga account na me mga suspicious transactions/source of funds.

Posibleng ganyan nga nangyari kaya na-flag sila ng system na parang may suspicious activity. Tulad ng hindi naman sila madalas magkaroon ng malalaking transactions kaya maaring nag-trigger ng AMLA yung transaction na ginawa nila.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: Bttzed03 on January 17, 2022, 09:40:28 PM

Out of curiosity, tumingin-tingin ako sa UB at asses na din yung kakayahan nila mag-detect ng mga suspicious transactions related to crypto. As it turns, investor din pala sila sa Chainalysis way back 2019^[1]. Mas malawak network nila sa inaasahan ko. Explains na din kung bakit hindi lang sila naka-base sa maliit o malaking transactions when flagging an account.

[1] https://www.unionbank.com/about-us/newsroom/press-releases/mufg-innovation-partners-announces-investment-chainalysis-leading-provider-cryptocurrency

Unfortunately, sa tingin ko ibang UnionBank ang naicheck mo, dahil yung pinost mong press release galing sa "MUFG Union Bank" at based sa Wikipedia pages nila, hindi sila connected sa "Unionbank (Philippines)"!

Bttzed03

legendary

Activity: 2114

Merit: 1147

https://bitcoincleanup.com/

Out of curiosity, tumingin-tingin ako sa UB at asses na din yung kakayahan nila mag-detect ng mga suspicious transactions related to crypto. As it turns, investor din pala sila sa Chainalysis way back 2019^[1]. Mas malawak network nila sa inaasahan ko. Explains na din kung bakit hindi lang sila naka-base sa maliit o malaking transactions when flagging an account.

[1] https://www.unionbank.com/about-us/newsroom/press-releases/mufg-innovation-partners-announces-investment-chainalysis-leading-provider-cryptocurrency

Quote from: SFR10 on January 18, 2022, 05:13:52 AM

~
Unfortunately, sa tingin ko ibang UnionBank ang naicheck mo, dahil yung pinost mong press release galing sa "MUFG Union Bank" at based sa Wikipedia pages nila, hindi sila connected sa "Unionbank (Philippines)"!

Mukhang magkaiba nga. My bad. It's unusual na meron bangko na magkapangalan tapos hindi man lang affiliated.

Similificator

sr. member

Activity: 882

Merit: 403

Sa pagkakaintindi ko sa issue na to, yung mga account lng sa UB na me malalaking transactions from p2p ang nakaka experience ng problems. Kase sa akin pati sa mga tropa ko na gumagamit ng binance pati UB, wala naman problema. Siguro me mga nakapag report lng ng cases of money laundering tapos marami rami ang pumansin kaya na pipilitan mag take ng further action of precautions UB/Binance towards sa mga account na me mga suspicious transactions/source of funds.

Johnyz

full member

Activity: 2086

Merit: 193

So far ok naman ang experience ko with UB and maybe, nagkaroon ng violation yung mga account na iyo kase di naman ako affected while using P2P and my UB account is for pure crypto transactions lang at walang balance na nagstay sa account ko, so far di pa naman nacloclose ang account ko. May KYC naman si Unionbank eh, sana naman wag sila masyadong maghigpit at sana valid ang reason kung bakit icloclose ang account mo.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: Bttzed03 on January 15, 2022, 07:00:35 AM

Mukhang ito talaga ang dahilan kaya may biglaang pagbabago eh:

Quote from: https://www.reddit.com/r/phinvest/comments/ry48hv/comment/hrmgl48/?utm_source=reddit&utm_medium=web2x&context=3

I wonder if this is in response to the BDO hack where the money got laundered to crypto through Unionbank.

Sa tingin ko may connection din ito sa BDO incident... Either directly ^{[naging mahigpit na ang UB]} or indirectly ^{[connected sa BDO yung mga poster na yun at gusto lang nila sirain yung reputation ni UB]}!
^{- Marami kasing conflicting parts dun sa sagot ni Arvie de Vera ^{[Senior VP ng UB]} at sa laman ng mga emails!}

Quote from: Bttzed03 on January 15, 2022, 07:00:35 AM

Unsure though baka meron nga talaga mga suspicious activities sa mga complainants gaya ng biglaang pagtaas ng deposits.

Quote from: mk4 on January 15, 2022, 09:06:17 AM

At a certain threshold maaaring maging skeptical na sila kung "malinis" ba ung pera na lumalabas/pasok sa account.

Quote from: AicecreaME on January 15, 2022, 10:19:43 AM

Ngayon, halimbawa nagpull out ka ng 10M in just one day, of couse ma-aalarma talaga sila

Quote from: ice18 on January 15, 2022, 11:24:51 AM

Baka malakihan ang transaction nila kaya napapansin ng bangko or merchant sa P2P,

Although medyo malaki yung ibang transactions, na flag din nila yung maliliit na amount:

15k
Below 50k pero sa tingin ko iba ang case niya!

Quote from: Beparanf on January 15, 2022, 10:25:39 AM

May nabasa ako dati dito sa forum dun sa ginawa ko na thread about Binance P2P na na hold yung account nya dahil suspicious yung source ng funds ng ka transact nya sa binanceP2P.
~Snipped~
Check nyo ito guys: https://bitcointalksearch.org/topic/--5284171

Salamat sa link at almost the same yung case, pero may kaunting difference... Doon sa email na natangap ng mga Reddit posters, pinapayagan na mag withdraw sila pero dun sa case ni @Coin_trader, nalock/nafreeze ang pera niya...

ice18

hero member

Activity: 2492

Merit: 542

UB user here sa Binance P2P so far wala pa naman sakin nag-email sakin regarding sa possible account closure like OP stated. Baka malakihan ang transaction nila kaya napapansin ng bangko or merchant sa P2P, yung sakin kasi puro cashout lang ginagawa ko at hindi naman ganun kalaking halaga below 30k lang ako per month, mga 4 to 5x siguro ako magpapalit sa Binance in a month pero as of now wala pa naman notice.

Beparanf

hero member

Activity: 2730

Merit: 754

Burpaaa

May nabasa ako dati dito sa forum dun sa ginawa ko na thread about Binance P2P na na hold yung account nya dahil suspicious yung source ng funds ng ka transact nya sa binanceP2P. Madali kasi now mag open ng UB account, kahit magpa sa ka lng ng ID online at iaapproved na agad nila yung account na may malaking transaction limit agad. Sa pagkaka alam ko madami na talaga na suspicious account sa UB, Karamihan at galing sa hack at money laundering kaya ingat din sa pag gamit ng P2P guys kasi kayo ang mapuputukan ng hassle kapag galing sa suspicious account yung pera na pinasa sa inyo.

Check nyo ito guys: https://bitcointalksearch.org/topic/--5284171

AicecreaME

sr. member

Activity: 2324

Merit: 454

For me, maluwag pa rin sila kasi they are accepting screenshots from binance para may ebidensya na sa trading nga talaga nanggaling, if I'm not mistaken, yung nakita ko sa FB is sabi need yata na verified yung account sa Binance na dapat naman talaga kasi required na rin sya ng Binance. Ngayon, halimbawa nagpull out ka ng 10M in just one day, of couse ma-aalarma talaga sila but you don't have to panic if you know na kinita mo naman talaga sya sa trading, unless wala ka talagang maipakitang proof where you earned that money.

mk4

legendary

Activity: 2716

Merit: 3817

🪸 NotYourKeys.org 🪸

I know a few people na gumagamit ng UB, at so far wala pa naman silang problema. As far as I know naka-dipende na rin kung magkano ung pumapasok/lumalabas na pera. At a certain threshold maaaring maging skeptical na sila kung "malinis" ba ung pera na lumalabas/pasok sa account.

And unfortunately kahit ganito ang recent na bali-balita, mukhang mas ok parin ata ang UB kaysa sa ibang bangko. Mas malala ung mga dating pinapasara talaga pag nalamang may kinalaman sa crypto.

Bttzed03

legendary

Activity: 2114

Merit: 1147

https://bitcoincleanup.com/

Planning pa lang ako gumawa ng account dyan sa UB.

Weird ng response ng CS dun sa email. While it makes sense na BSP registered VASPs ang preference nila, hindi man lang nagbigay ng reference kung anong section ng AML policy nagsasabing bawal na sila tumanggap ng deposits from Binance related addresses.

Mukhang ito talaga ang dahilan kaya may biglaang pagbabago eh:

Quote from: https://www.reddit.com/r/phinvest/comments/ry48hv/comment/hrmgl48/?utm_source=reddit&utm_medium=web2x&context=3

I wonder if this is in response to the BDO hack where the money got laundered to crypto through Unionbank.

Unsure though baka meron nga talaga mga suspicious activities sa mga complainants gaya ng biglaang pagtaas ng deposits.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Last week, may ilang users na nag post sa Reddit tungkol sa deactivation ng UB account nila, dahil gumamit sila ng P2P sa Binance at hindi ito registered with BSP!

Main post: Union Bank not Crypto (Binance) Friendly anymore?
- Other users with similar issues:
  - #1
  - #2
  - #3
  - #4
  - #5

Conflicting part: UnionBank Assures It’s Still the Most Crypto-Friendly Bank in the Philippines Amid Reports of Account Closures on Social Media

Quote from: https://bitpinas.com/feature/interview-unionbank-still-crypto-friendly-arvie-de-vera/
When asked of reports that peer-to-peer transactions and cashing out from Binance, a global crypto exchange, to UnionBank is no longer allowed, Arvie assures the public, “You can go to Binance right now and you’ll see that it’s still allowed.”

When asked about the customers sharing on social media about problems with their UnionBank account because of crypto trading, Arvie said the bank always needs to know two things 1) Who the customer/account holder is and 2) Where is the funds coming from.
~Snipped~
Arvie said accounts that raised suspicions are put on hold and the account holders are given time to provide necessary information and documents to prove where the money came from. “Those who are able to provide (and able to satisfy the bank) have their accounts restored but it’s just that there are some who are really unwilling to provide the documents we need,” said Arvie, who disclosed they are accepting even screenshots of Binance transactions.
- #1
- #2

Meron ba dito nakatangap ng ganitong notice galing kay UnionBank?

Topic: Conflicting news tungkol sa pag gamit ng Binance P2P at UnionBank! - page 2. (Read 460 times)