Topic: Philippines as the first country in asia to regulate and accept cryptocurrency.. - page 5. (Read 984 times)
July 04, 2018, 08:07:23 AM
On 6 March 2014, Bangko Sentral ng Pilipinas (BSP) issued a statement on risks associated with bitcoin trading and usage. Recently virtual currencies were legalized and cryptocurrency exchanges are now regulated by Central Bank of the Philippines (Bangko Sentral ng Pilipinas) under Circular 944. But it's not the first country on Asia to regulate bitcoin as you say on your topic. search for Craig Wright he is an Australian computer scientist and businessman. He has publicly identified himself as the main part of the team that created bitcoin, and has claimed he is the identity behind the pseudonym Satoshi Nakamoto. Also Bitcoin was created by Satoshi Nakamoto from Japan. Or, some say, he or she might be a Finnish sociologist or a mathematician from Israel. Some think Nakamoto is the pseudonym of software developer Gavin Andresen, others believe it's Tesla creator Elon Musk.
July 04, 2018, 07:55:16 AM
I am proud to tell all the members here my country the Philippines is the first to adapt and accept cryptocurrency being regulated by the government. As we all know that Philippines is greatly influenced by USA and that see something that USA has done on the cryptocurrency and quickly embrace cryptocurrency. The idea is to give license for local exchange to operate and in return clients doing crypto and fiat exchange should do one time intensive KYC that inludes linking facebook and collecting I.D even asking for billing address as to get a good cash in and cash out process. THe intensified KYC will determine the amount that you will going to exchange. Aside from that those ICO project should be registered in AMLA a government department concern on money laundering law. So this will cater and regulate possible abusive form in the use of cryptocurrency.
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