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Topic: One country in Asia to develop bitcoin transactions legally - page 8. (Read 1681 times)

newbie
Activity: 351
Merit: 0
Indeed, a great news that Philippines is aiming to legalize the transaction of crypto currency. Just like in Japan, introduces and legalize the cryptocurrency there. It will boost more the economy’s profit and the innovation of technolgy and ideas of filipinos will be enhance by implementing this type of digital currency. It is better for the government to recognize crypto currencies and make rules than to ban them because it will lessen the poverty and unemployment rate.
full member
Activity: 532
Merit: 101
Yeah the government and the central bank of the Philippines greatly accepts bitcoin and this is a good news to us who need another source of income. Philippines and Japan are the 2 Asian countries that supports cryptocurrency the most. I hope more Filipino people will know about cryptocurrency and try to invest in it. This is a good news indeed for us bitcoin users Smiley
That's a great news that Philippines accepts bitcoin. It shows only that these country are believe and they know that theres a good benefits that they get in bitcoin. These is a big help because most investors are in Asia country.  We hoping that it will last forever that they don't ban btc.
member
Activity: 490
Merit: 11
It is nice to hear good news from a country in Asia because I think it's not so popular there. So if there are many countries that accept bitcoin as a legal currency, I think there will be more countries in Asia would do the same thing.

         Japan and korea had already a concrete policy and regulation about bitcoin and altcoin, now it's the philippines starting to build up their own policy and regulation of these, so it's a great move for the 3rd world country to accept btc, these will help to grow up their economy, and to reduce unemployment rate of the country.
newbie
Activity: 103
Merit: 0
Asians are always the front runners and leaders when it comes to adapting to new and better tech so I am not surprised by this. Asians know the importance of cryptocurrencies.
hero member
Activity: 658
Merit: 503

The Asian Countries have shown a good attitude towards BTC of late with Philippines taking a lead role in legalizing BTC, its good to hear that legal transactions is being developed by another, this is the kind of good news we need to continue developing BTC
jr. member
Activity: 182
Merit: 2
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.
Great news. Expect more in the future other countries follow the steps taken Philippine Government and hoped all countries can be legalized and the legitimacy of the bitcoin in his country
hero member
Activity: 1792
Merit: 728
It is nice to hear good news from a country in Asia because I think it's not so popular there. So if there are many countries that accept bitcoin as a legal currency, I think there will be more countries in Asia would do the same thing.
newbie
Activity: 157
Merit: 0
that was nicely to hear that
there is still many asian country didn't accepted bitcoin
hope Philippine can be a good example for any asian country, the exact place in the south east asian region
newbie
Activity: 33
Merit: 0
Hello. I work on investment projects. I advise everyone to join, because projects are time-tested
member
Activity: 253
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.
an example of country is philippines because in my opinion many people live in philippines that are using thiscrypto especially me im a filipino too so thats why i know its legal in philippines
newbie
Activity: 56
Merit: 0
 Sad The market is very boring in a depressive, volatility is falling every day.
There was a situation where only bears waiting for a miracle remained on the market.
The bears create a situation of hindering people's interest in investing and being afraid of trading crypto-currencies as a fire.

Big traders should arouse the interest of ordinary people. This will give an influx of new money into bitcoin and other coins
sr. member
Activity: 315
Merit: 250
I agree, to all holders of bitcoins really need some good news. Let's create a positive news background about bitcoin, As do the big players in this market
hero member
Activity: 2632
Merit: 833
The Philippines has one of Asia’s most complete Bitcoin platforms which enables users to settle any money-related bills, payments, and transfers with Bitcoin.Bitcoin platforms, including Coins.ph, BuyBitcoin.ph and Rebit.ph, are popular in the Philippines.

I agree with that but the Philippines can't even start a crypto exchange such as Binance. Fees are like hell. Spread is too big. There are big monopolies and this practice is not good.

Currently, a well known trading platform in the Philippines is doing a beta testing of its trading exchanges,

https://coins.ph/blog/cx-first-digital-currency-exchange-philippines/

This will be a first as we all know that there are a lot of Filipinos who's into bitcoin and trading.

but do you care? I personally do not care. I do not live there and earn on bitcoins with pleasure

We all care because bitcoin is global. One country being friendly to crypto will bring positive news to the ecosystem. I don't know where you hate is coming from. But that's one attitude I will advise you to change mate.
newbie
Activity: 33
Merit: 0
 but do you care? I personally do not care. I do not live there and earn on bitcoins with pleasure
full member
Activity: 217
Merit: 120
Presale is live!
Now there is news that India is planning to ban bitcoin.
full member
Activity: 462
Merit: 104
Crypto Marketer For Whales
The Philippines has one of Asia’s most complete Bitcoin platforms which enables users to settle any money-related bills, payments, and transfers with Bitcoin.Bitcoin platforms, including Coins.ph, BuyBitcoin.ph and Rebit.ph, are popular in the Philippines.

I agree with that but the Philippines can't even start a crypto exchange such as Binance. Fees are like hell. Spread is too big. There are big monopolies and this practice is not good.
full member
Activity: 462
Merit: 104
Crypto Marketer For Whales
This is good news. But hey, we're still behind. I consider us late bloomers. Hopefully our government won't do stupid things with regards to crypto.
full member
Activity: 206
Merit: 100
After all the bad news from China, Korea and Indonesia, I am quite surprise with this moves of Philippines.
Nevertheless, good to hear this news. I hope other countries will follow suit soon.
Other countries are also researching bitcoin, and they have no control over bitcoin, and they will not emulate bitcoin until thoroughly studied, and will only use bitcoin as a threat.
member
Activity: 266
Merit: 12
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.
That's a good news for the people in the Philippines because their government sees Bitcoin as a beneficial investment. They are providing their people with options in investment. They see Bitcoin as a good way of helping people to earn better and earn more. Actually, they also have this called "coins.ph" where it accepts bitcoin and you can encash it directly to banks and other money agencies.
member
Activity: 378
Merit: 25
Currently, Philippines have 2 trading platforms have approved by the BSP or Central Bank of the Philippines, and these are Coins.ph and Rebittance.

If the government will get in the picture, whats the use of decentralization? Hope the review of the SEC would be a WIN-Win situation to all Filipino traders.


if any government will start to meddle with bitcoin having it centralized in nature would not be easy for now, as bitcoin being volatile in nature, even government cannot fix it, as in no one. volatility is dictated by demand and supply, i think the only thing that the government can do is to make a law or guidelines in trading or educate people to be aware of scams , limit or regulate merchants and physical store in accepting bitcoin, i think that is what they meant when they said they will develop bitcoin transactions legally, no country can reverse decentralization of bitcoin. no one can make it illegal nor they can legalized it. only the transactions, for the protection of bitcoin users and holders and not bitcoin as a whole.
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