Lol im from the philippines and yet im still not receiving any news about Bangko Sentral ng Pilipinas regulating bitcoins in our country.Im not against that thing but is still a goodbsource of info is this real at all?Can you give me some source please
This can be used as a rebuttal. I have not seen the official news, but when you as a citizen of the Philippines and do not feel any policy of course this is something that is not true. Whereas when the Philippines can recognize bitcoin the bitcoin price will be expected to rise again. 
Topic: The Philippines Officially Legitimize Bitcoin as Payment Method (Read 2053 times)
Looks like they are taking a move right now and they are seeing the future of bitcoin. but only bank cental are accepting bitcoin as payment as of now how about the other company or business?
Well since we are growing in our country except more development it can be push the value of bitcoin more if bitcoin will be locally accepted by many store here in our country..
Considering the fact that it is commenting on the central bank being the one to accept Bitcoin it is highly likely that this is something more for trade as opposed to something for a lot of the citizens of the Philippines to be using. Considering that they're going through a rather interesting time right now I would not be surprised if there was something like this going on.Well since we are growing in our country except more development it can be push the value of bitcoin more if bitcoin will be locally accepted by many store here in our country..
I don't know how pumped Bitcoin will get because of this happening, but there might be some interesting things to come out of this.
Never heard this BSP before and looks like bitcoin is growing here in our country hoping that more people knows about bitcoin.. since many people also looking for a way to use bitcoin before now we can use bitcoin easily by many site and now they are officially legitimize bitcoin as payment method.. but we are still not seeing a company or store are accepting bitcoin as payment locally..
Hope that we can see a lot of store are accepting bitcoin as payment that can push other people to use bitcoin..
Hope that we can see a lot of store are accepting bitcoin as payment that can push other people to use bitcoin..
The article by BSP in February was also seen as an affirmation for btc recognition, but this is actually the official announcement for btc use publicly as a payment official method. It can be said that btc is gaining new steps and is becoming a popular currency around the world.
Yes it was issued last February though the Bangko Sentral ng Pilipinas (BSP) still gives warning to the people that we should avoid transactions that relates to illegal trades and money laundering. This is a good initiative for our country as it is clear that bitcoin is free and it won't be prohibited.Oh why am i reading this now? How does this works? We can pay loans in btc? Cause i only use banks to convert money and that is only in the security bank. Actually I am quietly satisfied with just even coins.ph. But I know ill be needing that if eved i would need bigger finances like having a family. But its good that the government is imposing agreement and not in the whole tax free tradings.
The article by BSP in February was also seen as an affirmation for btc recognition, but this is actually the official announcement for btc use publicly as a payment official method. It can be said that btc is gaining new steps and is becoming a popular currency around the world.
Yes it was issued last February though the Bangko Sentral ng Pilipinas (BSP) still gives warning to the people that we should avoid transactions that relates to illegal trades and money laundering. This is a good initiative for our country as it is clear that bitcoin is free and it won't be prohibited. 
Lol im from the philippines and yet im still not receiving any news about Bangko Sentral ng Pilipinas regulating bitcoins in our country.Im not against that thing but is still a goodbsource of info is this real at all?Can you give me some source please
Looks like they are taking a move right now and they are seeing the future of bitcoin. but only bank cental are accepting bitcoin as payment as of now how about the other company or business?
Well since we are growing in our country except more development it can be push the value of bitcoin more if bitcoin will be locally accepted by many store here in our country..
Well since we are growing in our country except more development it can be push the value of bitcoin more if bitcoin will be locally accepted by many store here in our country..
Bankgko Sentral ng Pilipinas, hereinafter BSP, is officially regulating local Philippine Bitcoin exchanges as remittance companies and recognizing Bitcoin as a legitimate payment method.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
That's is good if that will be happen, but there are other critics who are against in bitcoin Philippines.Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
so on your statement, you must have a valid proof of evidence that this things will be implement legally in terms of of all remittances
outlet nationwide.
The article by BSP in February was also seen as an affirmation for btc recognition, but this is actually the official announcement for btc use publicly as a payment official method. It can be said that btc is gaining new steps and is becoming a popular currency around the world.
The local exchange, coins.ph has been operating for years now, way before the government 'legitimized it'.
Yes, it's a great assurance that everything is legal and that it'd be unlikely, if not hard, for the exchange to just up and disappear.
It's just, I wonder how far the government will go with their "regulation", cause frankly, I do not want my coins and earnings from bitcoin to be taxed.
More local businesses accepting bitcoin as payment is certainly welcome. (The taxes, not so much. Paid enough of that as it is.
)
Yes, it's a great assurance that everything is legal and that it'd be unlikely, if not hard, for the exchange to just up and disappear.
It's just, I wonder how far the government will go with their "regulation", cause frankly, I do not want my coins and earnings from bitcoin to be taxed.
More local businesses accepting bitcoin as payment is certainly welcome. (The taxes, not so much. Paid enough of that as it is.
) 
Bankgko Sentral ng Pilipinas, hereinafter BSP, is officially regulating local Philippine Bitcoin exchanges as remittance companies and recognizing Bitcoin as a legitimate payment method.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
That is awesome news and I haven't heard about that until I saw it here just now, I'll look forward to telling my relatives about that and getting them even more interested in it with the legalization and all this is a good time to get more people to transact and use Bitcoin.
Bankgko Sentral ng Pilipinas, hereinafter BSP, is officially regulating local Philippine Bitcoin exchanges as remittance companies and recognizing Bitcoin as a legitimate payment method.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
That is awesome news and I haven't heard about that until I saw it here just now, I'll look forward to telling my relatives about that and getting them even more interested in it with the legalization and all this is a good time to get more people to transact and use Bitcoin.
Well done philipines, now Indian government will learn lesson I guess. All developed countries are legitimating bitcoin as a payment method but the poor Indian government didn't understood the power of bitcoin. Soon in future bitcoin will rule the world and then we might have to use bitcoin like cryptocurrency and they again our poor government would legalize it because all developed countries are using it and it's an modern emerging technology and instead of blamming and making it illegal we should welcome and encourage the technology.
It's is happened on February that people who transact bitcoin they have to get certificate from government anti money laundering and other financial stability certificates
At least this action by legitimizing bitcoin as mode of payment would bring a much easier and flexible method. I just pray that the government wouldn't think of intervening with it and controlling it in the future though I believe that they wouldn't so unless someone with interest with it would take over.
Well this is really interesting I never heard this on the news or etc.. but this is a great news of my fellow filipino people in the Philippines. I know a lot of people who uses bitcoin in the Philippines my friend actually introduced me on how to earn bitcoin via campaign signatures and he said that his friend only tough him to use it also. This is really a great opportunity for those who people who earn bitcoin and they can withdraw their money depending on the rate of the bitcoin. It can also benefit me because I'm earning bitcoin now and whenever I wan't to go home in the Philippines it help me have some extra money when I'm in vacation in there. So I hope this bank will upgrade more of their minimum withdrawal so that when people can get more. 
Bankgko Sentral ng Pilipinas, hereinafter BSP, is officially regulating local Philippine Bitcoin exchanges as remittance companies and recognizing Bitcoin as a legitimate payment method.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
Is there a reliable source for your statement? Because I've heard the Philippines already banned bitcoin from their environment. This looks strange if the government is changing the direction for bitcoin to be the payment method in there. Looks they can't do anything with bitcoin rather accept the bitcoin to be the payment method. Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
Here's the link bro, https://cointelegraph.com/news/the-philippines-officially-legitimize-bitcoin-as-payment-method. Actually they've changed their mind and now start accepting bitcoin.
First of all, thanks for the link.
I first look if there is a source so here is it.
You might want to put this in your first post for many people here doesnt look at the next posts anymore. They just reply to whatever is posted above.
This is good news. One more country that have been added to the changes of bitcoin community.
No offense to you Philipinos but I do not think your government is ready to regulate Bitcoin. Your country still is having difficulty in controlling all the money laundering. There was news that the ISIS rebels over there have millions in cash and checks found in one house owned by ISIS. How did it get there and who is giving them financial support?
There are no reports that it is through bitcoin, those funds are still not yet confirmed on who is financier of those rebels. I don't think that is connected to bitcoin or any crypto/virtual currency. I'm thinking after the "internal error" happened to a big bank was connected to that millions of cash. I'm sure on one thing, the opposition is trying to make the country scared by funding those rebels.
So the rebels are not affiliated with ISIS?
They might be affiliated with ISIS but that doesn't mean they own the house that they "controlled", the Maute group controlled several establishments in Marawi including a prison cell and business establishments. In the website of ISIS they do confirm that its their work but take note that ISIS has been claiming several attacks in different countries and places including the Resort World Manila crisis where a lone gun man who is debt ridden burned casino tables and ISIS claimed that its theirs. Don't be surprised if ISIS will claim that they are the one who assassinated JFK.I heard that Bitcoin is being used through Coins.ph in the Marawi crisis but not by the Maute group, it's being used by scammers who claim that they are part of GMA Kapuso Foundation and they are accepting donations to help the Marawi evacuees because they need food. With this kind of news its not good news to the Bitcoin community in the Philippines because its being used to scam people. GMA Kapuso Foundation denied that they are accepting Bitcoins donation through Coins.ph
Bankgko Sentral ng Pilipinas, hereinafter BSP, is officially regulating local Philippine Bitcoin exchanges as remittance companies and recognizing Bitcoin as a legitimate payment method.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
Earlier this month, BSP Deputy Governor Nestor Espenilla announced the plans of the Philippine Central Bank to issue a proper regulatory framework for Bitcoin users, exchanges and companies. Espenilla emphasized the exponential growth of Bitcoin within the country, stating that monthly Bitcoin volumes increased from $1 mln to $6 mln a month in a year.
This is just amazing news look at their volumes that indicates the exponential growth of Bitcoins. This we all knew and finally it's good to see that we are going to see another country using it. This is what the community needed and it's important for us that they continue to grow. With this news now I am sure Bitcoin can in coming months go to 3300 - 3500$ very soon.
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