Yeah , I have seen that most of the ICO's are also being created in the Philippines because that country is getting more and more crypto friendly. So off course we can judge from that Philippines are getting some more attentions and regulations being done.
Though they are saying around 5 crypto currency are being regulated in that country then also I would say it is completely positive about all the currencies out there. There is no such thing as regulating 5 crypto or 6 crypto. If government is showing positive spark about few of them then ulimtaley the market opens for almost all the currencies.
Topic: Philippines starting to accept and adopt cryptocurrency. - page 12. (Read 2093 times)
I am also happy with the Philippines which is starting to accept BTC in their country. Because I, who also came from Southeast Asia, could not feel the impact like the government legalized BTC, because in my own country according to Wikipedia it is still illegal to circulate BTC, and I hope in the future my country can follow your country to accept BTC as a payment tool.
Adoption has taken place in several countries and means that crypto has begun to rise again with the adoption, if this adoption manages to make and improve the country's economy, then there will certainly be many countries following in its steps, with more and more countries adopting cryptocurrency, crypto growth is definitely it will be better and also the holding that we have done at least has a new spirit and of course the market will soon recover with positive issues like this.
Hopefully, that will happen that other country will follow the steps of what in the country of the Philippines did. And I'm happy together with my fellow countrymen that we are allowed to use bitcoin(crypto), but still, there are some banks did not allow people to deposit their money that comes from a crypto source. But I fell that time to time governments and crypto will be united. 
Adoption has taken place in several countries and means that crypto has begun to rise again with the adoption, if this adoption manages to make and improve the country's economy, then there will certainly be many countries following in its steps, with more and more countries adopting cryptocurrency, crypto growth is definitely it will be better and also the holding that we have done at least has a new spirit and of course the market will soon recover with positive issues like this.
Yes, and it is still counting more cryptocurrency to be available. This is a good news to to cryptocurrency for it will make the market more active in the near future.
It is not only the Philippines are announcing this one in fact canada also added some good local exchanges for the cryptocurrency. This will become for sure can turn a good impact in the market.
It is not only the Philippines are announcing this one in fact canada also added some good local exchanges for the cryptocurrency. This will become for sure can turn a good impact in the market.
Cryptocurrency transactions has been on the rise in the philippines.
They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.
With the current government administration they are starting to adopt and build even in the technological infrastructure.
In more years to come the country will be more open to blockchain technology like japan and other countries.
Honestly it is the smartest decision any country can do. You are getting many companies working with up to billions of dollars in their exchanges and mines and so forth in crypto, if you accept them to your country and give them a crypto friendly environment to work within and help them out with any tax or governmental things you will be the winner in the end.They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.
With the current government administration they are starting to adopt and build even in the technological infrastructure.
In more years to come the country will be more open to blockchain technology like japan and other countries.
Best case scenario those companies will prosper in your country and pay millions of taxes every year, worse case scenario they will go bankrupt or get hacked and what not and you will get taxes from them for a while and than they will close shop and leave. In both cases you are the winner, you get taxes from them and make money thanks to them, why would any government ever say no to more taxes? Taxes makes what a country run properly and if you are getting more taxes you should always say yes.
Philippines being one among the country which has got a large number of cryptocurrency users compared to that of various countries that are well developed compared to Phillipines. With this such an adoption over Phillipines is no longer a big news. We need more countries to adopt and lead towards growth.
I think crypto focus does have to be in Asian countries, because Asian countries have considerable enthusiasm in crypto and most Asian countries are not conflict states that will not affect crypto too much.
For now, yes, the main focus of the cryptosphere should be Asia. But since some asian countries have already started to embrace cryptocurrencies making the adoption phase arrive sooner than we expected in those countries, I wouldn't be surprised if the countries outside of Asia are just simply waiting to see how cryptocurrencies perform on countries with a tight regulatory framework to see how things develop on a major scale. Depending on how this new asian cryptocurrency boom develops in the long-term (most likely either Japan or South Korea will become the mecca for cryptos), the focus of the market will shift to those countries and govt that are still hesitant to embrace cryptos.
Cryptocurrency transactions has been on the rise in the philippines.
They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.
With the current government administration they are starting to adopt and build even in the technological infrastructure.
In more years to come the country will be more open to blockchain technology like japan and other countries.
They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.
With the current government administration they are starting to adopt and build even in the technological infrastructure.
In more years to come the country will be more open to blockchain technology like japan and other countries.
This is very nice since I am here and I could freely use cryptocurrencies without the fear of getting caught or something. Some of you that are in other countries that forbids crypto should live and go here because you can live freely and getting rich by using crypto is easy and also things here are so cheap.
Absolutely some heart warming news and great gain for crypto generally. I wish other countries of the world could just take a cue from the Philippines and adopt crypto massively. It would result in a more healthy ecosystem and more people will tend to invest in the space.
That's a great news, this condition is good for the growth of crypto in Phillippines. I think this condition will make crypto more popular in Phillippines. We are waiting for the other countries to start accepting crypto so the market of crypto will be better.
In more years to come the country will be more open to blockchain technology like japan and other countries.
i believe that eventually we will see majority of countries in the world do the same thing as Japan did last year and adopt bitcoin with ease but unfortunately this may take a couple of years since there is still a lot of resistance against adoption of something decentralized.
we are on a good path though. with most advanced countries already showing positivity towards bitcoin.
I doubt they do accept this for the sake of taxation.I don't really see the need of having lots of exchangers on PH. They approved 5 exchange as of now but basing on the current number of users
in that country it is really just too much.
In more years to come the country will be more open to blockchain technology like japan and other countries.
i believe that eventually we will see majority of countries in the world do the same thing as Japan did last year and adopt bitcoin with ease but unfortunately this may take a couple of years since there is still a lot of resistance against adoption of something decentralized.
we are on a good path though. with most advanced countries already showing positivity towards bitcoin.
concratulation, i am happy hear that, what coin president support?
Even I appreciate as a Filipino for congratulating our country for being more open to cryptocurrency, I will not tolerate such posting (not spelled correctly) without checking your wording and doesn’t even bothered on its outcome.
To answer your question, Our President is neutral about crypto and doesn’t have direct political agenda with it. He is a man who values more of what best and that can help its people. Can’t be controlled by the financial officials or more importantly by oligarchs.
My president can’t be poison by MONEY 💰
We can see the digital currency has bright future ahead of us, and it's a great to know how the Philippines - our country - is adopting it really well. Not just the value, but the usage of crytocurrency is too vast and wide. Hoping all filipino will have a deep knowledge about it soon.
I think crypto focus does have to be in Asian countries, because Asian countries have considerable enthusiasm in crypto and most Asian countries are not conflict states that will not affect crypto too much.
It is very good news to us, as a filipino and a supporter of cryptocurrency. In fact manny pacquaio planning to create our very own crypto coin. See, this is only the beginning of the growth of our country when it comes to this field.
Based on news the growth in the first and second quarter of the year is very excellent. So we are expecting more this 4th quarter.
And the anti money laundering team will regulate and watch the transaction tightly to prevent the dirty money.
This is good to protect the investors and companies from possible hacking and system sabotage.
And the anti money laundering team will regulate and watch the transaction tightly to prevent the dirty money.
This is good to protect the investors and companies from possible hacking and system sabotage.
It is a good thing that the government and its people in the Philippines are very welcome and interested in cryptocurrency even when some are trying to make it as a pyramid scam(a news that I have heard at the start of the year). I even heard that the famous boxer and senator Manny Pacquiao is starting to make an ICO of his own though I doubt it will be popular. But the idea of cryptocurrency and its exchanges is pretty much accepted in the country.
Yes Philippines starting now to accept crypto currency but selected area only not the entire Philippines , and base on my research as of now bitcoin can be use only as a payment method through fast-food and selected groceries aroud manila. But it's a good start , because for sure in the near future more filipino will adopt cyrpto currency because of being so useful and friendly used especially when it comes withdrawal, sending money and buying goods.
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