Topic: Philippines SEC Plans to Regulate Cryptocurrencies, ICOs (Read 320 times)
Regulation for the protection of the investors is better than totally banning bitcoin.
So to sum up everything, the PROs for the regulation is that cryptocurrency trading would be safe and secure. The only disadvantage that I could only see would be the country's politicians milking the system for their own profit. They just mask their corruption by making it look that they work for our safety. Sucks, man.
Maybe it's a good news for some bitcoin user's here in the philippines since the government will provide an action regarding the security and protection for those who engage in the world of crypto.However,other people thinks that the reason why the government decided to take an action regarding to this matter is that they will earn something since we all know that coruption exist and most of them are government officials.
The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
They said on the news that they want to regulate cryptocurrency transactions and investments to protect the investors, and investment on cryptocurrency should be treated as same as stock investment. However, the real truth behind this is that they also wanted to gain something from this. They will start regulating it, and then taxing income from traders and investors. Let's just hope that cryptocurrency will not be banned in Philippines.
Yes it is indeed a good news, now I am expecting to move to Philippines to gain the full benefits of Crypto is Philippines. no need to go to Japan, USA or Europe. Philippines is the answer. lol.. 
I think the Philippines' regulation of ICO is a good thing.
Because many filipinos KYC information is the leaked, when the ban after the ICO, so will the KYC information not worth money, and means that the legal regulation is to admit that the encryption is legal in the cryptocurrency market.
Because many filipinos KYC information is the leaked, when the ban after the ICO, so will the KYC information not worth money, and means that the legal regulation is to admit that the encryption is legal in the cryptocurrency market.
This is a very good news that will support and encourage a lot of investors of cryptocurrency in the country. With regulation from SEC every single one of investors is sure that the digital currency will not be banned, but just regulated.
And am pretty much hopeful and looking forward to a more convenient centers that accepts transaction using crypto
And am pretty much hopeful and looking forward to a more convenient centers that accepts transaction using crypto
I think that especially in the Philippines bitcoin can be a very important factor for many people.
Poverty is high, and earning options low. Crypto currencies in a regulated form can help the people to make their lifes better.
And the regulations are really neede so that the poorest won't get scammed for the little money they have.
Poverty is high, and earning options low. Crypto currencies in a regulated form can help the people to make their lifes better.
And the regulations are really neede so that the poorest won't get scammed for the little money they have.
The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
This is a good news indeed. The good thing about the Philippine people is how functional they are when it comes to technology. Like Twitter for example, I've read somewhere that the most users of it are from Philippines. That's why it would be a good idea to have some law or rules when it comes to cryptocurrencies to avoid problems.
I am happy that they didnt ban bitcoin in our country but instead the reverse of it. They fully support cryptocurrency in our country and planning to regulate it. This is a good news to us Filipino who are earning with bitcoin. I hope this will continue.
You can thank mostly to all the idiots that bought obvious scams and got their life savings took away from them because they listened to the advice of some 17 year old on the internet with a youtube channel (real history, for example, all the idiots that lost a lot of money thanks to buying Bitconnect because "CryptoNick", a 17 year old youtuber, was pumping Bitconnect daily, among others).
The question is: Should the state protect idiots from scammers by ruining the free flow of money and therefore making things harder for legit projects? or does this more harm than good because eventually idiots will always lose their money to scams no matter what? where do you draw a line?
The question is: Should the state protect idiots from scammers by ruining the free flow of money and therefore making things harder for legit projects? or does this more harm than good because eventually idiots will always lose their money to scams no matter what? where do you draw a line?
I think that the state will not be able to protect the idiots from scammers. Now you can not trust advertising. You need to choose where to invest your money.
Good that the Philippines is taking an extra step to protect their own citizens on protecting them against potential scam and investment schemes. So far the Philippines have been supportive with users of Bitcoin as they only issue warnings about where you pay your Bitcoin as there are many criminals who want to get it. Seeing that the Philippines have two official Bitcoin wallets namely Coins.Ph and Rebit you will know that they are also taking things seriously with their regulation as both wallet providers have verification processes required by the government.
This is a very good news to Filipino investors in ICO. I do hope that the regulations that they are formulating will be for the benefit of users and not one sided policy that only government can be sole beneficiary. I speculate that with "regulation" comes the dreaded TAX. This is the part that I do not like.
I hope that they can track down people who are using bitcoin as springboard to networking or pyramiding schemes (it doesn't work that way!)
At the end of the day, we must always be careful where we invest our fiat to crypto money in. Always do research before initiating investment.
Looking forward to a favorable set of guidelines for us users.
I hope that they can track down people who are using bitcoin as springboard to networking or pyramiding schemes (it doesn't work that way!)
At the end of the day, we must always be careful where we invest our fiat to crypto money in. Always do research before initiating investment.
Looking forward to a favorable set of guidelines for us users.
The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
This will eventually make more investor to put in money, for surely they will feel safer in by doing so. The thing about crypto is that can make you gain in exponential amount if you really know what you are doing. I am very positive that they will further support crypto for they know that it is helping a lot of their countrymen where in you don't need a degree to earn in cryptocurrency.
The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
Philippines government saw the potential of bitcoin in their economic growth since it encourage lot's of opportunities for income and investement to many people this maybe the reason why they are planning to regulate bitcoin so that their people will be protected against illegal activities involving bitcoin and can monitor those projects before letting their people invest on it. The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https://t.co/QnDpl32hXo
I think this is good news. When there is a bill, the acceptability of BTC is also relative to the increase, and it is also a guarantee for the owner
The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https:/[Suspicious link removed]/QnDpl32hXo
The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, according to Reuters.>>> Link for the source https:/[Suspicious link removed]/QnDpl32hXo
I think philippines did a wise decision,it is a good sign for all the filipino who's in bitcoin.Although theres some regulation that would implement but it's quite better than completely banning it.Their government might seen a possible effect of bitcoin for its people,i just hope that their banks also consider bitcoin.
That is a very good motion by SEC not only for the security of the investors but also the welfare of bounty hunters. As to investors, their money will always be in good hands ang bounty hunters will not waste their time and efforts spend throughout the ico.
Regulating the Cryptos and ICO's are the good thing to do. This way government can impose a tax on it and people will be able to invest on it without any legal fears.
crypto currency will be more and more regulated by countries where most of investors are there. That's a good thing because investors must be protected from fraud at any cost
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