Hackers stealing from Coincheck have nothing to do with ICOs.
BSP / SEC don't know what they are talking about. They want to protect the people. The way they will do this is by making it impossible for normal people like you and me to participate in any new ICOs, or they will attempt to regulate what can not be regulated.
Sa madaling salita, hindi ito maganda, not for them, not for the people.
Ang kailangan kasi, education for the people. Madali lang naman makakita ng scammer, pero I saw the news 2 or 3 weeks ago, an OFW who saved 15 years and lost 2 million to some investment scam (that is not even crypto at all). Kung hindi mo maintindihan, wag ka sumali.
Topic: Philippines to develop rules on cryptocurrency trading? - page 4. (Read 778 times)
Maganda to pero sa kabilang banda sabi nga nila kapag may pros laging may cons, alam natin na mas magiging convenient saating mga traders if magiging legal talaga sya pero money wise malaki ang mawawala satin imagin the tax na pwede i impose dito plus transaction fee sa mga exchanges diba. sakabilang banda magiging mainstream na sya pero pwede rin maging maganda kasi nga dadami mag ccrypto mas maraming pera ang papasok sa crypto world which means may chances na tumaas ang mga presyo. Case to case lang talaga para sa bawat isa.
Sa pagkakaalam ko suportado naman ng BSP ang cryptocurrency. Maganda itong hakbang ng ating gobyerno upang maprotektahan ang mga cryptocurrency user dito sa bansa. Sa ganitong panukala ay maari nating maiwasan ang mga manloloko.
Nope hindi supportado ng BSP ang cryptocurrency dahil pinag iingat nila ang mga tao sa pag invest sa virtual currency dahil talamak naman talaga ang scam gamit ang crypto's.
Pero may pros at cons ang pag develop ng rules ukol dyan dahil tiyak dadami ang beripikasyon natin sa paggamit natin sa ating mga crypto's at may regulation pang kalakip. At ang magandang bagay namannsa rules na sinasabi mo ay tiyak kakauntintalaga ang scam na magaganap dahil me mata ng titingin ukol dito.
Sa pagkakaalam ko suportado naman ng BSP ang cryptocurrency. Maganda itong hakbang ng ating gobyerno upang maprotektahan ang mga cryptocurrency user dito sa bansa. Sa ganitong panukala ay maari nating maiwasan ang mga manloloko.
maganda ang hangarin ng SEC sa nasabing usapin na yan tungkol sa cryptocurrency nga lamang kung ipalalabas nila ee yang mga negatibong ngyayari,halimbawa sa mga scam baka mag dalawang isip nga ang taong bayan.
sana ang mapag usapan dito ee kung pano sila makakaiwas sa panloloko at ang magandang dulot sa tao ng crypto.
sana ang mapag usapan dito ee kung pano sila makakaiwas sa panloloko at ang magandang dulot sa tao ng crypto.
(To be frank, when the statement is coming from a person you don't believe and you don't like I don't believe him at all).
Either they support a project to create one crypto from and made by Philippines why he need to highlight and criticize the failure of the other people why not suggest a better way to do it??
I do look forward having our own coins and I will buy it during the date of launching.
Either they support a project to create one crypto from and made by Philippines why he need to highlight and criticize the failure of the other people why not suggest a better way to do it??
I do look forward having our own coins and I will buy it during the date of launching.
The Philippine Government, including the SEC and even the BSP itself are not against CryptoCurrency. They just wanted to make sure to make a proper guidelines for the protection of the one who use and receive compensation thru Bitcoin, tokens, coins, etc. This news is not a threat to us here. And I don't see any reason for having us our own coins while our Peso itself is suffering right now against the US Dollar.
(To be frank, when the statement is coming from a person you don't believe and you don't like I don't believe him at all).
Either they support a project to create one crypto from and made by Philippines why he need to highlight and criticize the failure of the other people why not suggest a better way to do it??
I do look forward having our own coins and I will buy it during the date of launching.
It's not about making or regulating our own cryptocurrency I think, it's just that the SEC wants the safetyness of the future investors here in the Philippines to avoid money laundering which is a very common issues in the market. Either they support a project to create one crypto from and made by Philippines why he need to highlight and criticize the failure of the other people why not suggest a better way to do it??
I do look forward having our own coins and I will buy it during the date of launching.
(To be frank, when the statement is coming from a person you don't believe and you don't like I don't believe him at all).
Either they support a project to create one crypto from and made by Philippines why he need to highlight and criticize the failure of the other people why not suggest a better way to do it??
I do look forward having our own coins and I will buy it during the date of launching.
Either they support a project to create one crypto from and made by Philippines why he need to highlight and criticize the failure of the other people why not suggest a better way to do it??
I do look forward having our own coins and I will buy it during the date of launching.
MANILA (Reuters) - 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 finalised this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection.
“We need to act because initial coin offerings (ICOs) are sprouting especially in 2017. We want to come up with our own set of regulations,” Aquino told a news conference. “You have to be extra careful how investors in this new space are protected.”
Authorities around the world, particularly in Asia, have attempted to rein in the global boom in trading bitcoin and other cryptocurrencies - a form of digital money created and maintained by its users.
Chinese authorities have banned initial coin offerings and shut down local trading platforms, while South Korea - where speculation on cryptocurrencies is also rife - is working on plans to ban virtual coin exchanges.
The regulation on ICOs will include guidelines on cybersecurity of cryptocurrency markets, eligibility of issuers including the officials and technology utilized, and financial literacy of investors, Aquino said.
The corporate regulator has yet to approve any public sale of cryptocurrencies and is investigating unlicensed sellers.
“Unfortunately, there have been a lot of cases where ICO promoters vanish into thin air. We don’t want that to happen here,” Aquino said.
Hackers last week stole $530 million worth of digital money from Tokyo-based cryptocurrency exchange Coincheck Inc in one of the biggest-ever thefts of digital money. (source: https://www.reuters.com/article/us-philippines-cryptocurrency/philippines-to-develop-rules-on-cryptocurrency-trading-idUSKBN1FI0NK)
“We need to act because initial coin offerings (ICOs) are sprouting especially in 2017. We want to come up with our own set of regulations,” Aquino told a news conference. “You have to be extra careful how investors in this new space are protected.”
Authorities around the world, particularly in Asia, have attempted to rein in the global boom in trading bitcoin and other cryptocurrencies - a form of digital money created and maintained by its users.
Chinese authorities have banned initial coin offerings and shut down local trading platforms, while South Korea - where speculation on cryptocurrencies is also rife - is working on plans to ban virtual coin exchanges.
The regulation on ICOs will include guidelines on cybersecurity of cryptocurrency markets, eligibility of issuers including the officials and technology utilized, and financial literacy of investors, Aquino said.
The corporate regulator has yet to approve any public sale of cryptocurrencies and is investigating unlicensed sellers.
“Unfortunately, there have been a lot of cases where ICO promoters vanish into thin air. We don’t want that to happen here,” Aquino said.
Hackers last week stole $530 million worth of digital money from Tokyo-based cryptocurrency exchange Coincheck Inc in one of the biggest-ever thefts of digital money. (source: https://www.reuters.com/article/us-philippines-cryptocurrency/philippines-to-develop-rules-on-cryptocurrency-trading-idUSKBN1FI0NK)
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