Philippines is starting to accept bitcoin. - page 23.

Crislyn4116

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Quote from: CryptoLoverz on March 03, 2018, 05:55:40 AM

good news for all bitcoin and altcoin users in the Philippines. a good progress for the Philippines government who dared to introduce and legalize digital currency. I hope there are other countries that follow the philippines state to regulate bitcoin problem.

Yes this is a good oppurtunities of the bitcoin in the Philippines. I see in the future that it makes us payment system in grocery store or anywhere you go. And it can easily spread in our country because of the good news and many filipino investors start to cryptrocurrency.

Pandacomel

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The Bangko Sentral ng Pilipinas has released guidelines on cryptocurrencies including bitcoin, as transactions involving digital coins grew.Cryptocurrency transactions have grown to $6 million daily from $2 million to $3 million a few years ago, BSP deputy director Melchor Plabasan told ANC's On the Money."The main objective is to balance the interests of harnessing innovation, at the same time, managing attendant risks,".The central bank circular released in February, the first of its kind in Asia.Digital currencies can be used for money laundering but this can be countered by anti-money laundering controls and KYC or know-your-customer practices.Virtual wallets should be protected like physical wallets using multi-factor authentication and securing the email linked to the cryptocurrency account

NelfiNovita

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Quote from: Clark05 on March 07, 2018, 09:23:27 AM

It is good because they have possibility the price of the bitcoin will increase because if the government accept bitcoin many people will invest because we know if the government approved bitcoin it is good.

my opinion is also the same with you, this is good news for bitcoin because it will push the price of bitcoin more expensive. if the government has approved bitcoin in the country then the more investors who buy bitcoin and bitcoin will continue to increase.

Qartersa

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The Philippine government is ambivalent about the existence of cryptocurrencies in the market, especially with Bitcoin. In fact, while they are aware of the increasing number of Filipinos who are investing in it, the Banko Sentral ng Pilipinas (BSP) merely issued a circular encouraging Filipinos to be wise about their money and that the proliferation of cryptos are not regulated nor sanctioned by the BSP. Hence, should they choose to transact with any cryptos, they are left on their own. Otherwise stated, it is as if they transact on their own risks. Having said this, the Philippines is on a hang because they neither declared its use illegal nor do they stipulate for it to be legal.

I see this as a major economic move because I see they are carefully studying the pros and cons while appearing to be lax on it. Surely, the Duterte government will do everything in its power to STOP something they do not see fit and wise for Filipinos. Having read about his devotion for his country, I do not think he will allow something that is beyond his goals for the Philippines. Let us await and see where this will all go because definitely there is something brewing.

Crislyn4116

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Quote from: thompson30 on March 02, 2018, 06:34:25 AM

It is good to hear that philippines is starting to accept bitcoin because maybe this can make bitcoin alive forever

Yes some of the filipino investors dont know any thing about the cryptocurrency. So it is the advantage of the bitcoin to make become famous if it is show on a commercial. And bitcoin can be withdrawable in any atm machine and any of the filipino people free to earn money without any risk of their money.

Sakibhasan.bd

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Wow..!
Thanks for a good news.
That's a good news. Japan also accept bitcoin. I think after some days the whole world will start accepting bitcoin. This will a big advantage for all us.

Divyanshu2710

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Wow!Glad to hear that.
There is a company in Japan who is going to pay their employees in terms of bitcoin.
Bitcoin is progressing really well.

Kambal2000

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Quote from: thenameisjay on March 07, 2018, 11:03:16 AM

With news like these, it gets me pumped up even more because of how much support bitcoin is getting in my country, the Philippines. I'm proud that bitcoins are changing the landscape of investment for the Filipino community and I hope this continues until the far future.

I am proud that our government is not to greedy to do this banning cryptocurrency that they have seen that many Filipinos are already doing transactions with it that is why the demands here in our country is increasing day by day, even the local artists already knows about bitcoin.

Englebabylove

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Quote from: Betheng10 on February 27, 2018, 08:29:20 AM

Our country just recently held a seminar introducing bitcoin in our country. The said seminar were facilitated
by bitcoin experts and government officials in pursuit of using bitcoin as another form of payment and regulation of it as well.

http://www.wheninmanila.com/5-things-i-learned-about-bitcoin-and-cryptocurrency/

When the Philippine government realize COINS can bring a lot of energy to their national interests, they choose the compromise, chose to accept bits, it is a wise choice, they can feel honored because the choice

Equity0924

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That's good to know! I am from Philippines and I always wanted to use bitcoin in my daily life budgets. I think that will give a good start for every filipino using bitcoins.

ShiroThe5th

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Yes thats true because i live there. I claim that philippines is one of the 3rd world country and the price of bitcoin is huge and also the price is high. This is the sign that bitcoin is growing bigger and bigger and i think 1 day Bitcoin will accept all over the world.

zngit

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Again this is another victory of bitcoin. When their are more supports to bitcoin growth then bitcoin will be welcome to that particular country such as Philippines. It will bring more challenge and courage to other country who have fear to try bitcoin and welcome. As for now I think the more exciting to wait is what will happen next to this country. Hopefully it will success.

Larva14

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Quote from: ?? on ??

nice!

I'm so happy cause here in my country Philippines, accepting bitcoin and lot of filipinos bitcoiners become successful and bitcoin is legal now here the poverty may reduce. Because bitcoin give work and give high income.

thenameisjay

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With news like these, it gets me pumped up even more because of how much support bitcoin is getting in my country, the Philippines. I'm proud that bitcoins are changing the landscape of investment for the Filipino community and I hope this continues until the far future.

jcpone

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Nice to heared, good news to Filipinos bitcoiner, im glad to know that country of Philippines is already open about bitcoin. Im so happy for whose people who is willing to learn of what is bitcoin is all about and have investment in bitcoin.

bert20

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Nice to heard... good lock to all of us. But many people here in the Philippines did not understand this trading. Also many uninterested because many Filipinos don't get education due to poverty and they struggled to understand the bitcoin. They more concentrated in their work to get a salary to use it already. Work first because the immediate money calibrating to immediately use them in their needs.

Dwey

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mabuhay!its really great to hear that our country is now accepting bitcoin as a form of payment etc.it is really a great news i hope for the best and i hope that the government will not corrupt bitcoin in the Philippines.

JoshMart

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The Experience Layer of the Decentralized Internet

This is a great news, the Philippines is now open and accepting Bitcoin, it will truly have a good impact and effects on the crypto currency world. I hope more and more people will be open and positive in accepting cyrpto currency because it can really change our lives for the better.

dioanna

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Quote from: Betheng10 on February 27, 2018, 08:29:20 AM

Our country just recently held a seminar introducing bitcoin in our country. The said seminar were facilitated
by bitcoin experts and government officials in pursuit of using bitcoin as another form of payment and regulation of it as well.

http://www.wheninmanila.com/5-things-i-learned-about-bitcoin-and-cryptocurrency/

only small percentage in the Philippines knows about bitcoin, some already know but they are not interested while some are a bit confused. there are some seminars that I've also heard that was held here in the philippines but the fee is too expensive to attend.but since I started to bitcoin last 2016, I noticed that the percentage of those who became interested in cryptocurrency increased

burdagol12345

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Quote from: Betheng10 on February 27, 2018, 08:29:20 AM

Our country just recently held a seminar introducing bitcoin in our country. The said seminar were facilitated
by bitcoin experts and government officials in pursuit of using bitcoin as another form of payment and regulation of it as well.

http://www.wheninmanila.com/5-things-i-learned-about-bitcoin-and-cryptocurrency/

Iv'e already heard this kind of feed news and information in facebook that they conducted a seminar in bitcoin,but they teach only about the mining investment,and what kind of equipment or rig that can be used in mining crypto.actually this is a great news to heard that my country will accept bitcoin as an investment,and promote this as a part of economic progress.this means to me that step by step my country accept bitcoins as part of currency system.

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