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Topic: One country in Asia to develop bitcoin transactions legally (Read 1681 times)

full member
Activity: 564
Merit: 100
The Philippines is a retarded country. I think allowing Bitcoin to be used legally will attract the country's investment. This would be good for the Philippines, and would facilitate the promotion of other countries to accept Bitcoin.
However, accepting Bitcoin to deal with complex issues of management, I expect the Philippines to do well.
copper member
Activity: 24
Merit: 0
this's a good news. i wish you can have me more news like this in the future my friend  Tongue Tongue Tongue
member
Activity: 406
Merit: 19
As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

Along with the occurrence of many cases where ICO promoters disappeared by taking away some investors' money. The Philippine Securities and Stock Exchange Commission is currently working on a policy that will regulate cryptocurrency transactions such as bitcoin, to protect investors and reduce the risk of fraud. And they hope that regulations that will cover the issuance and registration of these virtual currencies, are expected to be completed this year.

It seems that Filippines decided to go ahead. A good push, we will wait for news about other countries.

That's right, friend. Maybe, one by one they will join to legalize it hopefully the future of bitcoin will be better.
sr. member
Activity: 647
Merit: 255
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

The news sounds great. This is a good sign for the crypto market. It will protect users from hackers and thefts. That $530 million worth theft of digital coins that happened in Tokyo was shocking and it would be good to prevent it in the future.
full member
Activity: 770
Merit: 102
If there are countries that develop bitcoin transactions legally, that is good news for the development of bitcoin. Hopefully other countries will also participate in developing bitcoin as a legal transaction, so that the future of bitcoin will certainly be better and can enable someday to become a legitimate currency for all countries in the world.
member
Activity: 336
Merit: 10
As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

I think Japan should be the most supportive about this stuff. It is where the man who developed bitcoin came from so Japan should 100% give its support to this thing. Also, here in the Philippines, cryptocurrencies are being welcomed so I hope it will continue.
sr. member
Activity: 729
Merit: 250
If the news is true news, then for me is something positive that can make bitcoin stronger and more trusted. Hopefully every country in the world will follow that, and make bitcoin a legitimate method of payment transaction and legalize the use of bitcoin. If this can be realized, the future of bitcoin will certainly get better and public trust in bitcoin will be even higher, and the most Most importantly, it is my hope and our hope that the price of bitcoin will increase even higher.
newbie
Activity: 40
Merit: 0
That is not important to anyone and regardless of the role of the state in Bitcoin's progress, good news can make the price of Bitcoin return to green. They are one step ahead. This is good news for Bitcoin users around the world in general and Asia in particular.
copper member
Activity: 252
Merit: 0
Anyone here who want to be crypto ATMs or POS operator in Asia?
member
Activity: 336
Merit: 10
This is a very great statement though as far as I know, most countries in Asia are accepting bitcoin legally or do not ban bitcoin in their country's market. Hopefully, everybody will do the same. And also, cryptos must be more secured and safe to everyone.
full member
Activity: 546
Merit: 100
As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

If the bitcoin trading regulated there, will it be taxed in every profits from a trader gets ?
If so, it's better the goverment not regulate the crypto trading Cheesy
full member
Activity: 560
Merit: 108
It's great that Philippine decided to legally the bitcoin. These means that the county aware of the goodness of bitcoin especially with the technology behind it aka blockchain. I hope this movement will influence other countries especially in Asia.
member
Activity: 392
Merit: 10
Countries with large populations, on the contrary, welcome crypto and bitcoin. Asia is developing very fast, and people there are not stupid. And it seems to me that this news is already a little outdated and it's time to forget about it already?
newbie
Activity: 21
Merit: 0
I recently heard from Thailand that it has accepted the exchange in the cryptocurrency market.
full member
Activity: 231
Merit: 100
While most countries use bitcoin as money (or one item) change. While some countries have explicitly allowed and used the Philippines as an Asian republic, it has operated in cryptocurrency.
copper member
Activity: 252
Merit: 0
Japan has authorized bitcoin as a legal currency for digital transactions. This endorsement is marked by the number of retailers who accept payment with bitcoin in Japan. Although bitcoin has been legalized as a legal currency in Japan, according to Mai conventional currencies like the Yen are still not replaced. This is due to the limitations of bitcoin top up machines in Japan and it will take time for laymen to get to know bitcoin and understand the exchange process from conventional currency to bitcoin.
Now it's time to discover Japan market with our products )
member
Activity: 186
Merit: 10
Japan has authorized bitcoin as a legal currency for digital transactions. This endorsement is marked by the number of retailers who accept payment with bitcoin in Japan. Although bitcoin has been legalized as a legal currency in Japan, according to Mai conventional currencies like the Yen are still not replaced. This is due to the limitations of bitcoin top up machines in Japan and it will take time for laymen to get to know bitcoin and understand the exchange process from conventional currency to bitcoin.
copper member
Activity: 252
Merit: 0
It will spread in local news like CNN, and many countries will follow. Dedicated traders will do anything to bypass the law by using VPNs to hide their addresses being monitored in the network. That is a very good news for bitcoin. But they should legal bitcoin, where they still dose not accept it. I am happy that Bangko Sentral ng Pilipinas (BSP) has legalized their investments and deals with Bitcoin and other electronic money in the market because they are very open with technology that can help their economy in the long run term.

Do you think someone in Philippine could be interested in crypto ATMs and crypto POS devices?
newbie
Activity: 9
Merit: 0
It will spread in local news like CNN, and many countries will follow. Dedicated traders will do anything to bypass the law by using VPNs to hide their addresses being monitored in the network. That is a very good news for bitcoin. But they should legal bitcoin, where they still dose not accept it. I am happy that Bangko Sentral ng Pilipinas (BSP) has legalized their investments and deals with Bitcoin and other electronic money in the market because they are very open with technology that can help their economy in the long run term.
jr. member
Activity: 228
Merit: 1
in developing times, I feel that not only developed countries are giving legality to bitcoin but developing countries will follow developed countries
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