Philippines is starting to accept bitcoin. - page 29.

Realist247

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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/

That's not what this article said. It was a private conference/sales seminar attended by a few dozen people that happened to include a few individuals in the government that were there in an unofficial capacity. Most of what was discussed was the concept of blockchain overall and how people hope to sell their own version of it locally. Bitcoin was discussed more for its notoriety as an example than anything else.

This was NOT promoted or endorsed by the government.

Yet I skimmed several (not all 20...I'd go crazy) pages of people that appear to be able to write in English but cannot understand what they read or write...

fishball

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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/

Wow! That would really add on Philippine's economic growth and development. For sure, it would help a lot of people even at the minority.

denzkilim

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Quote from: Sniper150 on February 27, 2018, 10:01:14 AM

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/

OMG! Bitcoin in the Philippines? How come? I don't want these to happen in my country because I'm afraid if the government allows bitcoin to adopt in the philippines. Maybe the government has something plan with bitcoin that's why they conduct a seminar about those thing. But what if they accept it and put some tax on it? What do you think will happen with those bitcoin users, is it good impact for them or bad? I think this is not good for me. I'm complacent on what bitcoin status today whether it rises and fall.

In my point of view the government of the Philippines is planning to put tax on bitcoin and other forms of crypto currencies that are used in this country just like in japan where the usage of bitcoin and other forms of crypto currencies are legalized with rules and regulations. Some people will agree and some people will disagree in this kind of matter because we all know that taxes are a real pain in the butt specially when it is too high and unbearable. I read some of the posts in this forum that the tax on crypto currencies on japan is ranging from 15% to 55% and the 55% tax is freaking high as f**k. Shocked

I'm hoping that the tax in Philippines will not be as high as the tax in the Japanese government. Grin

Thadeous

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Good for Philippines and good for cryptocurrency promotion worldwide.

BaraxLo

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Quote from: rain_017 on February 28, 2018, 11:26:01 PM

Wow! Amazing its great if Phillipines start accepting bitcoin it means the governments will allow it to use by thier countrymen. Even the social media will change about the negative thought in bitcoin. Even the people cant believe in bitcoin will convince to learn about bitcoin.

Things have finally started turning out in favor of the ones who kept on believing in bitcoin at time when it was hard to do so and that most of the governments have started to take this concept of crypto currency very much seriously and that they have started thinking of declaring the crypto currencies as legal currencies and that they are about to recognize these coins as official currency too in the near future.

DarkHalf

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Ang saya

Bitcoin was already introduced in the philippines i quess 2 years ago, that is when i heared about it and filipinos are enjoying faucets on the web. it was slow but it gradually took everyone's attention. Coinsph has added BTC wallet feature so filipinos can have a bitcoin wallet with a filipino vibe.

i guess the only problem is, for 2 years i've been collecting satoshis and all, no filipinos are open minded to buy bitcoins, only abroad. im glad this seminar was held so more people can know more about it and this can elevate someone's buying power in the market who has saved bitcoins.

KingOfWinterfell01

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I think bitcoin's status in the Philippines is good enough as it is. The government shouldn't regulate it since it is self regulating. Bitcoins, I think, is the best thing that ever happened to the investment scene of the Philippines and I do hope it does continue to blossom in the country.

Liternyy

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Earlier, the central bank of the Philippines, promulgated rules for the use of Bitcoin. Then Bangko Sentral ng Pilipinas announced its recognition of the crypto currency, as well as the fact that they are suitable for payments of various services and can be integrated into the economy for its more rapid growth, and it can also contribute to financial integration.
By that time it was the Philippines that became the first Asian country in which it was accepted to regulate Bitcoin's crypto currency. A key role in this decision was played by the growth of the country's crypto-currency transactions. Deputy. director Bangko Sentral ng Pilipinas said that in the country every thirty days there are transactions related to the crypto currency in the amount of six million dollars.

maman09

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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/

I give full appreciation to the philippine country, however for the development of crypto in asia is quite difficult and too many prohibitions. maybe this will be followed by other asian countries.

marjoree

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Presale is live!

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/

I never heard any issues regarding bitcoin in the Philippines because the country is more aware and focused to avoid the drugs and crime. There are seminars also in different parts of the world. I also heard that bitcoin was being introduced in some schools and colleges and my friend said he was present that time. Unfortunately, he is not interested at all which leads to regretting himself in the end.

kumar jabodah

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Quote from: Peashooter on February 27, 2018, 09:20:16 AM

Quote from: ?? on ??

nice!

Nice to know that here in the Philippines accepting bitcoin. I"m so glad and thankful they where openminded in this business.

I also live in the Philippines, And I'm happy that our government has accepted Bitcoins. Hopefully, it will be expanded and many people will adopt to increase the demand for bitcoins. And as far as we can freely do all we want in our bitcoins. I would also like to have BITCOIN ATM machines. And would continuously be good perspective of the government in Bitcoins.

batang_bitcoin

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Whoever is behind that seminar is definitely want to spread good news in the entire country about bitcoin. And there are also other good news for Pearl of the Orient.
https://www.coindesk.com/philippines-banks-use-visas-blockchain-payments-platform/

Quote from: magicmeyk on March 02, 2018, 10:31:43 PM

That's good news for filipinos but some industries here in the Philippines are still thinks its a scam. Embarrassed

It's not only in Philippines but there are also other countries who can't move on and thinks that btc is a scam and sort of ponzi. Undecided

Krillin61

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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/

in our country (philippines) the bitcoin is accepted, and the gorvernment is aware that their are many countrymen using it as their extra income, as long as they are earning their bitcoin in legal way.

drew314

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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/

This is a very good news. I hope there will be more countries that will accept bitcoin bitcoin is a very big help. We can easily purchase anything we want online.
Congrats Philippines, I hope this news will encourage more countries to do the same.

toygama

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Quote from: Wexnident on February 27, 2018, 10:03:52 AM

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/

It's nice to know that our country is trying and pursuing to use bitcoin. I think it could help our government to rising up and improving our economy. A great opportunity will come to all Filipino's when bitcoin was already legalized and fully established to our country. I can see and imagine a great future to our economy and to our country's wealth when adapting and enhancing bitcoin will successfully done..

As developing country its very much welcome to our economy, it's help a lot of people in a certain country to know the system and how to maximize it in order earn a living.

magicmeyk

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That's good news for filipinos but some industries here in the Philippines are still thinks its a scam. Embarrassed

Xw73

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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/

The is a good news, based on my research Bangko Sentral ng Pilipinas is now regulating local Philippine bitcoin exchange as remittance companies and recognizing bitcoin as a legitimate payment method. Immediately after the announcement of Deputy Governor Nestor Espenilla, the Central Bank of the Philippines released BSP Circular No.944 entitled “Guidelines for Virtual Currency (VC) Exchanges,” to provide clarity on the legality of Bitcoin exchanges.

kalph22

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It's a really good news to know that the government of the Philippines is accepting Bitcoin and other cryptocurrencies. This is also good for the Bitcoin market, and also to Bitcoin traders and investors. This will cause the Bitcoin price to grow even higher. By accepting Bitcoin in Philippines we will have good and enhancing economy, that will result in us Filipino's to have a rich nation.

Siren

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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/

this is one step ahead for philippine for future preparations of the great happenings soon.crypto currency. Is moving forward to every country in the world.to help and provide some offerings that government cant give.the freedom to our funds and the alternatives of earning good profit is here to give

hype

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Share's you're Blessings !!!!!

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/

this is great, thanks for giving information.

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